Understanding and predicting inventory obsolescence is an important determination for retal companies. When using competitor selling prices to estimate the Inventory obsolescence reserve, the inventory obsolescence reserve represents which of the following: Multiple Cholce Independent variable Dependent variable Function Statistical Model
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- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?year quarterly sales (000 units) Q1 Q2 Q3 Q4 2016 1300 1500 1200 2000 2017 1600 1800 1100 2200 2018 1700 1900 1300 2300 2019 1800 2100 1400 2500 Using a simple regression analysis, determine the trend equation of the sales and use it to estimate the number of units of clothing sold throughout the fiscal year 2020. Assume that Q1 of 2016 is 1, Q2 of 2016 is 2, etc. Show all relevant cakculation detailDFC Company has recorded the past years sales for the company: Year(t) Sales(x) (in Million Pesos) 2011(1) 2012(2) 2013(3) 2014(4) 2015(5) 2016(6) 2017(7) 2018(8) 2019(9) 2020(10) 219 224 268 272 253 284 254 278 282 298 Use the naïve model. Compute for MAE and MSE Use a three period moving average. Compute for the MAE and MSE Use the simple exponential smoothing to make a forecasting table. Compute the MAE and MSE of the forecasts. Alpha = 0.1 Use the least square method to make the forecasting table. Compute the MAE and MSE *** Use excel or r programming
- HP can make use of the observation methods to determine consumers' preferences for PCs and notebooks. * False True Purchase Panels provide specific information, regularly over extended period of time * True FalseDiscuss the different types of probability sampling designs and briefly explain how these differ from non-probability sampling approaches. Provide at least two relevant referencesDefine sampling and discuss the various probability samples.
- Bill Kime's bowling ball factory makes bowling balls of adult size and weight only. The standard deviation in the weight of a bowling ball produced at the factory is known to be 0.39 pounds. Each day for 24 days, the average weight, in pounds, of 9 of the bowling balls produced that day has been assessed as follows Day 1 2 3 4 5 6 Average (lb) 9.9 9.9 10.1 10.1 99 99 Day 7 8 9 10 11 12 Average (lb) Day Average (b) 13 14 15 16 17 18 10.1 10.0 10.0 10.1 10.1 10.0 9.9 10.1 10.1 10.0 10.1 10.1 Day 19 20 21 22 23 24 Average (lb) 99 10.0 10.1 9.9 10.0 10.0 a) Establish a control chart for monitoring the average weights of the bowling balls in which the upper and lower control limits are each two standard deviations from the mean What are the values of the control limits? Upper Control Limit (UCL)=b (Round your response to two decimal places)Referring to the comparison of the Pearson and Spearman correlations on both correlation size and significance level, when should you use which type in this case?A student group on a college campus wanted to create a survey about parking availability on campus. The student group randomly selected 300 students to take the survey. One of the questions read, “Many students believe the lack of available parking is a major problem. Do you agree or disagree?” Of the 300 students that took the survey, 285 surveys were returned. This survey will most likely suffer from which of the following types of bias? There is no bias in the way this survey is carried out. Response bias Selection bias Non-response bias