A counseling service records the number of calls to their hotline for the last year. Plot the data and determine which forecasting technique would be best among a moving average, weighted moving average, exponential smoothing, and trend line
Month Demand
January 111
February 127
March 146
April 159
May 165
June 165
July 178
August 182
September 191
October 208
November 223
December 228
What will be an ideal response?
Answer: The plot shows a strong upward trend, so the regression line approach would be the best choice to model the data. Any exponential smoothing or averaging technique would need to emphasize the most recent periods strongly or have a short memory to avoid huge errors. The trend projection equation is Demand = 109.742 + 9.822 ∗ Time.
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A company acquires 1,000 shares of its own $1 par common stock for $15 per share. This purchase would be recorded with a:
A. Debit to Treasury Stock for $15,000 B. Debit to Additional Paid-In Capital for $14,000 C. Credit to Treasury Stock for $15,000 D. Credit to Treasury Stock for $1,000
Fernando is the owner of Pick Food Restaurant. He makes an oral agreement with Purple Lotus Works for the design and production of 5,000 unique custom-made dinner plates with the logo of Pick Food Restaurant on them. Purple Lotus reworks its production schedule and creates dies to add Pick Food Restaurant's logo in the designer plates. A week later, Fernando calls Purple Lotus and says that he no longer wants the plates and calls off the deal. In this scenario, it is most likely that:
A. the parties' agreement is not valid since it was only an oral agreement. B. the agreement between Fernando and Purple Lotus is unenforceable and Fernando is protected under the statute of frauds. C. the parties' agreement is at Fernando's disposal because he is the customer. D. Purple Lotus is protected by the statute of frauds exception for specially-manufactured goods.
Illustrations of personality segmentation would include culture-oriented, sports-centered, or outdoor-oriented subsegments
Indicate whether the statement is true or false
The use of p=50%, q=50% is a research industry standard at least in part because:
A) it is the most conservative p-q combination B) it generates the largest sample size C) it is preferred to guessing about variability D) there may be little prior knowledge about the population to be studied E) all of the above are true