The business analyst for Ace Business Machine, Inc. wants to forecast monthly demand for manual typewriters based on the following historical data. The table below contains actual demand, A(t), for February, March, and April, and forecasted demand, F(t), for February and March.         Month                                         February      March       April     Actual Demand                                      10                 8              10Demand Forecast                                  12                 7              xxx What would MSE (Mean Square Error) have been for this forecast?

Creative Confectioners is planning to introduce a new brownie. A small-scale “taste test” was conducted to assess consumers’ preferences (Y), sweetness (X1), and Colorization (X2). The regression analysis was performed based on sample data and has the following regression outcomes using Excel:                                  CoefficientsIntercept                     70X Variable 1              – 0.5X Variable 2                3.5 To predict the expected value of Y for a sweetness rating of 20, and a colorization of 4 based on the estimated regression outcome in the above table.

Which of the following is a function of the Federal Reserve System? Choose all that apply.

The table below shows 4 months of demand for ABC company.            Month                       March        April      May      June         Actual demand           9               11           6           10 F(t) = F(t-1) + (alpha)*{A(t-1) – F(t-1)}Forecast of May’s demand using Exponential Smoothing forecast with alpha = 0.4.

Which of the following statements are true regarding the use of glutaraldehyde (>2.4%)?1. It can be used for high-level disinfection of semicritical medical devices.2. It can retain activity up to 90 days once activated.3. Cleaned equipment must be completely immersed in the disinfectant solution.4. After a set contact or soak time, the equipment is removed, rinsed in sterile or filtered water.

Category  Number of People (millions) Under 16 60 Working full-time  80 Working part-time  46 Over 16, not in the labor force  30 Unemployed 15 Use the data in the table below, the labor force participation rate is [value1]% and the unemployment rate is [value2]%. Just a enter value. Do not include the “%” Round your final answer two decimal points. For example, 123.45 or 20.20.

The opportunity cost of holding money is measured by

The opportunity cost of leisure is

A small building contractor has recently experienced two successive years in which work opportunities exceeded the firm’s capacity. The contractor must now decide on the capacity for next year. Estimated profits under each of the two possible states of nature are shown in the table below.  Alternative          Next year’s demand is LOW       Next year’s demand is HighDo nothing                              $ 500                                          $ 950Expand                                    $ 700                                           $ 800Subcontract                            $ 400                                          $ 700 What alternative should be selected if the decision criterion is Minimax Regret?

The table below shows 4 months of demand for ABC company.            Month                          March      April        May      June         Actual demand              7             10           11           13     L(t) =(alpha)*A(t) + (1-alpha)*[ L(t-1) + T(t-1) ]      T(t) =(beta)*[ L(t)-L(t-1)]+(1-beta)*T(t-1)    F(t) = L(t-1) + T(t-1)  and  F(t+n) = L(t) + n*T(t) Suppose L4=13  and T4=5. Forecast of October’s demand using Holt’s method with alpha =0.2 and beta =0.4.