Problem 4.14 E Question Help Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. A shown are actual demand levels, in thousands of gallons: Forecast Method 2 0.82 1.20 0.92 1.11 Actual Demand 0.70 0.98 1.07 0.97 Actual Forecast Method 1 0.90 1.02 0.97 1.22 Week Week 0.70 0.98 1.07 0.97 The MAD for Method 1 " 0.148 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 thousand gallons? round your response to three decimal places).

Answers

Answer 1

the Mean Squared Error (MSE) for Method 1 is 0.029 thousand gallons (rounded to three decimal places).

The MAD for Method 1 = 0.148 thousand gallons (round your response to three decimal places).The mean squared error (MSE) for Method 1 = 0.027 thousand gallons (round your response to three decimal places).Therefore, the answer is: The MAD for Method 1 is 0.148 thousand gallons (round your response to three decimal places).The mean squared error (MSE) for Method 1 is 0.027 thousand gallons (round your response to three decimal places).

To calculate the Mean Squared Error (MSE) for Method 1, we need to first find the squared errors for each week and then take the average of those squared errors.

Step 1: Find the squared errors for each week

Week 1: (0.90 - 0.70)^2 = 0.20^2 = 0.04

Week 2: (1.02 - 0.98)^2 = 0.04^2 = 0.0016

Week 3: (0.97 - 1.07)^2 = -0.10^2 = 0.01

Week 4: (1.22 - 0.97)^2 = 0.25^2 = 0.0625

Step 2: Calculate the average of the squared errors MSE = (0.04 + 0.0016 + 0.01 + 0.0625) / 4 = 0.1141 / 4 = 0.028525

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Related Questions

Imagine you work in a factory that produces several types of bicycles. A county bureaucrat delivers a report listing numbers, types, and prices of bicycles the factory should make for the upcoming season. Which kind of economic system is this most likely to be? Explain

Answers

The economic system depicted in this example is a Command Economy since the government determines the production decision.

What is a command economy?

A command economy is an economic system in which the following characteristics are prevalent:

Means of production are publicly owned.Economic activity is controlled by a central authority.Quantitative production goals and raw materials are allotted.

A command economy is different from a:

Market EconomyTraditional EconomyMixed Economy.

Thus, the economic system depicted in this example is a Command Economy since the government determines the production decision.

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3.6.2 Teut (COT): The Pret la foi
Question 1 of 25
2 Points
Which of the following has the lowest housing prices and the smallest
population density?
O A. Inner-city neighborhoods
B. Rural areas
O C. Suburban developments
O D. High-rise apartments

Answers

The correct answer is B. Rural areas

Explanation:

High population densities, as well as high housing prices, are mainly found in cities or nearby areas as most jobs and industries are located in these areas. This increases not only the number of people that live in these zones but also the price of housing as the prices of properties are higher due to a higher demand. This means, zones such as inner-city neighborhoods, suburbs, and similar are highly populated and the house prices are high.

On the other hand, nowadays rural areas have a small population density because most people are not interested in living in rural areas as it would take more time to get to cities where jobs and major industries are. Similarly, the housing prices are lower because the demand or number of people interested in buying properties is lower, which makes general housing prices lower.

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Question 3 of 10
What should a country that wants to increase its comparative advantage
when trading with another country try to do?
A. Lower the opportunity cost of producing the goods it trades
B. Produce more of a valuable good than the other country
C. Reduce its trade deficit with all of its other trading partners
D. Raise the price of its exports to generate more capital

Answers

Ans

its a

Explanation:

Absolute Advantage means to deliver more goods while comparative is the capacity to reduce opportunity costs more than a contender.

What do you understand by comparative and absolute advantage?

Absolute Advantage: The capacity to deliver even more of a good or service than a contender. Comparative Advantage: The capacity to produce at a lower opportunity cost than a contender.

Comparative advantage means reducing the opportunity cost of producing the goods.

Therefore, option A aptly describes the Comparative Advantage.

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An instrument used to enlarge or reduce a map is known as​

Answers

Answer:

pantograph

Explanation:

you can use a pantograph to do this.

From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.

Answers

Answer:4

Explanation:The total in 4 months would equal 360

4 months will it take you to save enough money to buy your North Face jacket.

Saving per month based problem;

What information do we have?

Amount save per paycheck = $45

Amount of jacket = 350 (Missing data)

Amount save per month = 2 × Amount save per paycheck

Amount save per month = 2 × 45

Amount save per month = $90

Number of months need = 350 / 90

Number of months need = 3.88

Number of months need = 4 months

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Prepare journal entries to record the following transactions involving the short-term stock investments of Duke Co. , all of which occurred during the current year. A. On March 22, purchased 1,000 shares of RPI Company stock at $10 per share. Duke's stock investment results in it having an insignificant influence over RPI. B. On July 1, received a $1 per share cash dividend on the RPI stock purchased in part a. C. On October 8, sold 50 shares of RPI stock for $15 per share

Answers

the following transactions concerning Duke Company's short-term stock investments, all of which took place in the current year; for more information, scroll down.

What do you mean by investment?

A investment made with the goal of earning income or capital gain is termed as an investment. An asset's value increasing over time is called to as appreciation. When an individual invests in a good, they need not intend to utilize it as a supply of immediate consumption, but rather as a tool for future money creation.

Transation- (a)

General journal- short term investments - trading (RPI company)

cash (1000* $10)

(To record purchase of short term investments)

Debit - 10,000

Credit - 10,000

Transation- (b)

General journal

Cash (1000 * $1)

dividend revenue

(To record dividend received)

Debit - 1,000

Credit - 1,000

Transation (c)

General journal- cash short term investments - Trading (RPI company)

Gain on sale of short term investment

(To record sale of short term investment)

Debit - 750

Credit - 500

250

Transation c

Cash= 50 * $15 =$750

short term investment - Trading (RPI Company) = 50 * $10 =$500

Gain on sale of investments 50 * $5 =$250

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April is studying finance in college. She wants to enter a career that will analyze the risk of a company. Which career pathway would be best suited for this?

A. Brokerage Clerk
B. Risk Management Specialist
C. Tax Preparer
D. insurance Sales Agent

Answers

Answer:

It would be B: Risk Management Expert

Explanation:

It makes more sense since she wants to enter a career that will analyze risk for a company

Answer: B

Explanation:

What's the main reason to use a personal budget?
O A. To keep costs below benefits
O B. To stay out of debt
C. To appropriate discretionary funds
O D. To maximize investment returns

Answers

Answer: B, stay out of debt

Explanation: A budget reveals areas where you're spending too much money so you can refocus on your most important goals. A budget can keep you out of debt or help you get out of debt. A budget actually creates extra money for you to do use on things that matter to you.

B because the whole point of having a budget is to make sure you don’t over spend and to make sure your spending enough money on everything you need

Question 9 (1 point)
In creating her goal for her team, Stella adds the words "complete within the next 3 months". By adding this, she is making the goal:
a
Relevant
Specific
Time bound
Tougher to achieve

Answers

The term "time-bound" describes the schedule you have established for achieving your goal as well as the amount of time it will take you to complete key tasks and see your desired outcomes.

Why must your objective be precise and time-bound?

A goal's time-bound nature makes it possible to track your progress and helps you divide the task into manageable pieces that can be finished over time.

Is there a timeframe or deadline included in this goal that makes it time-bound?

A time-bound objective is one that has a deadline or definite timeline. These objectives offer structure and urgency, which are both crucial for growth. You may utilise your resources to their fullest potential by setting clear deadlines.

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motivating prospective customers to action describes what ________ is effective at doing.

Answers

Potential clients can be motivated to act by effective marketing.

Motivating prospective customers

Effective marketing is capable of inspiring potential customers to take action. Marketing is a group of tactics and strategies used by companies to advertise their goods and services and encourage potential customers to make a purchase, sign up for a newsletter, or interact with a brand.

Effective marketing efforts are made to draw in potential customers, pique their interest in the product, and finally persuade them to act.

This could entail developing effective advertisements, using persuading message, emphasizing the special value that the good or service offers, and utilizing a variety of marketing channels including social media, email marketing, search engine optimization, or conventional advertising means.

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Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?
No plagiarizing, please, thank you!

Answers

Answer:

Lenders don't like risk because it can lose them money, so they're cautious on who they're lending to. They do this by checking people's credit history. They prefer people who have longer credit history even with a few blemishes that are corrected rather than lending to people who have a short clear history mainly because they have little to no experience and can be unpredictable what they may do.

Explanation:

In a
contract, at least one party has the option of canceling the
contract.
O A. defective
O B. voidable
O C. binding
O D. void

Answers

Answer: voidable

Explanation: just took test

time required to produce a given quantity X starting with an empty system

Answers

The time required to produce a given quantity X starting with an empty system can vary depending on various factors such as the complexity of the production process, the efficiency of the equipment and machinery involved, and the availability of resources.

Generally, the production time can be calculated by dividing the quantity to be produced by the production rate, which is the rate at which the system can produce a unit of output. This calculation can help in estimating the time required to meet a given production target and in optimizing the production process to increase efficiency and reduce production time.

Another approach is to use historical data to estimate the production rate of the system. For example, if we know that a similar system produced an average of 10 units per hour, we can estimate that it would take 6 minutes to produce one unit.

Finally, we can use mathematical models to simulate the production process and estimate the time required based on various inputs and assumptions. These models can take into account factors such as the number of workers involved, the speed of the machines, and the availability of resources to provide a more accurate estimate of the time required to produce a given quantity X.

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On February 1, 2020, ABC Company factored receivables with a carrying amount of $700,000 to Agee Company. Agee Company assesses a finance charge of 3% of the receivables and retains 5% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Henson Company for February.
Assume that Herson factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3,500. The loss to be reported is:_________

Answers

Answer:

$42,000

Explanation:

The computation of the loss to be reported is shown below:

As there are finance charge of 3% and retains 5% so the total percentage of loss  is 8%

And, the carrying amount os $700,000

So, the loss i.e. to be reported is

= Carrying amount ×  total percentage of loss

= $700,000 × 8%

= $42,000

hence, the loss is $42,000

Essay on importants of natural resourses as a factor of production

Answers

Natural resources play a vital role as a factor of production in economic systems worldwide. They are essential inputs that contribute to the production process and are derived from the Earth's biosphere, atmosphere, and lithosphere. The importance of natural resources stems from their irreplaceable nature and their significant impact on economic development, environmental sustainability, and the overall well-being of societies.

Their role in supporting industries, driving innovation, maintaining ecological balance, and preserving cultural heritage cannot be overstated. It is imperative for societies and policymakers to adopt sustainable practices, promote responsible resource management, and ensure equitable access to natural resources

One of the key reasons natural resources are crucial is their direct contribution to economic growth. Resources such as minerals, fossil fuels, timber, and water provide the raw materials necessary for various industries, including manufacturing, energy production, agriculture, and construction. These industries create employment opportunities, generate income, and drive economic activities, leading to increased production and consumption. Without access to natural resources, economic development would be severely constrained, hindering progress and prosperity.

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Evelyn enjoys drawing. Even though she has never had formal lessons, she is artistically gifted. Her artistic ability can be referred to as a(n) _____.


aptitude

hobby

job

skill

Answers

Answer:

i think its a hobby bc i put skill and it was wrong

Explanation:

as a general rule, illegal contracts are unenforceable and neither party can successfully sue the other for breach or recover for any performance rendered. a. true b. false

Answers

illegal contracts are unenforceable and neither party can successfully sue the other for breach or recover for any performance rendered. The answer is a. True.

Illegal contracts are agreements that involve activities that are against the law or public policy. As a general rule, such contracts are unenforceable, meaning that the courts will not enforce the terms of the agreement or provide a remedy for a party in case of a breach. This is because the purpose of the contract is to engage in illegal activity or promote an unlawful objective, which goes against public interest. Since the contract is unenforceable, neither party can successfully sue the other for breach of contract or recover for any performance rendered. This is to prevent individuals from benefiting from illegal activities and to discourage parties from entering into such agreements. illegal contracts are generally unenforceable, and neither party can sue the other for breach or recover for any performance rendered due to the contract's illegal nature.

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Choose the term that best matches the description given.
The act that has its own definition and remedial steps for mistakenly created e-commerce contracts:
Pls help me. I will give best answer

Choose the term that best matches the description given.The act that has its own definition and remedial

Answers

Answer:

I have no idea is that history

Louis and Greg entered into an oral contract whereby Louis would transfer real estate he owned in Long Beach to Greg. In exchange, Greg agreed to pay $300,000.00 to Louis. Two days later, Louis received an offer from Ken to buy the real estate for $500,000.00 (the real fair market value). Louis then claimed that his contract with Greg was unenforceable since there was insufficient consideration by Greg and the contract had to be in writing. Which of the following is the best description of Louis's claim as to his contract with Greg?
A. The contract did not have consideration because $300,000.00 is unreasonable given the fair market value of the real estate and was obviously made by mistake.
B. The contract was void because it was not in writing.
C. The contract had consideration because Greg agreed to pay $300,000.00 for Louis's real estate and the contract had been fully performed because there was nothing left to be negotiated.
D. The contract did have consideration but was voidable as an oral contract because Louis had not fully performed.

Answers

Answer: The contract had consideration because Greg agreed to pay $100K for Louis's real estate and the contract had been fully performed

Explanation:

business question below:)

business question below:)

Answers

Answer:

C

Explanation:

Answer:

The answer is C

Explanation:

Name two books of prime entry that are also books of double entry? ​

Answers

A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal

Answer:

Cash payment journal

Petty cash payment journal

Explanation:

Type the correct answer in the box. Spell the word correctly. Which trait is described in the given sentence? is acting consistently according to one's values and principles. ​

Type the correct answer in the box. Spell the word correctly. Which trait is described in the given sentence?

Answers

Answer:

integrity

Explanation:

Answer:

integrity

Explanation:

Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?

Answers

Find a convenient and reasonable unit of measurement to use, then divide the cost of the package by the number of units chosen in that package.

Can Treasury bill be matured for 90 days

Answers

Answer:

Yes

Explanation:

Treasury bills can mature in 90 days depending on the term of issuance.

Generally, treasury bills are considered to be short-term security and are issued for 90-days, 180-days, or a year term. They are often sold for an amount that is less than their face values and at maturity, the government buys the treasury bills back at an amount that is equal to the face values of the bills.

Treasury bills are issued as means for the government to pay off off their debts.

Answer:

Yes, Treasury bill can be matured for 90 days.

How can one improve customer service?
One can obtain regular
from customers to devise effective strategies.

Answers

Huhhhhhhhh??????????¿¿¿????¿¿???

What is trade liberalisation??
From business subject

Answers

Trade liberalization refers to the removal or reduction of government-imposed restrictions on the import and export of goods and services. This can include tariffs, quotas, and other barriers to trade. The goal of trade liberalization is to increase economic efficiency and growth by allowing countries to specialize in the production of goods and services in which they have a comparative advantage, and to access a wider range of goods and services from other countries.

What type of money are included in the M2 category? Check all that apply

Currency

Saving account

Checking accounts

Commodity money

Short-tears investment accounts

Answers

Answer:

Currency, saving accounts, checking accounts, and short-term investment accounts are included in the M2 category. Commodity money is not included in the M2 category.

how can we make sure animal shelters have food and space

Answers

Answer:We can donate money or raise a fundraiser to get all the dogs who are in the shelter into a forever home or we can adopt a pet so there will be more space for a new dog to come.

Explanation:

What is expected rate of return if stock with beta of 1. if market rate of return is 14%?

Answers

The expected rate of return for a stock with a beta of 1 can be calculated using the Capital Asset Pricing Model (CAPM). The CAPM formula is:

Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate) ,In this case, the market rate of return is given as 14%. The risk-free rate is typically the return on a risk-free investment such as a government bond. For the purpose of this explanation, let's assume the risk-free rate is 5%.

Using the CAPM formula, we can calculate the expected rate of return as follows:
Expected Return = 5% + 1 * (14% - 5%)
Simplifying the equation, we get:
Expected Return = 5% + 1 * 9%
Expected Return = 5% + 9%
Expected Return = 14%
Therefore, the expected rate of return for a stock with a beta of 1, when the market rate of return is 14%, is 14%.

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At a car maker, one engineer who works on the layout of the dashboard in their newest SUV regularly sits in on the weekly meetings of the engine design team to share and gather information for his team. In this situation, the engineer is acting as a ________ for his team.

Answers

The engineer is acting as a liaison for his team.

A liaison is someone responsible for facilitating communication between two or more organizations or parties.

Liaison are company representatives that streamline operations and handle public communications, coordination efforts, incident response and conflict resolution. They act as technical or subject matter experts for the person, agency or organization they represent.

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Which of the following represented an inch in ancient civilizations?length from the forefinger tip to its first jointlength from the thumb tip to its first jointwidth of a ladys thumbwidth of a forefinger What are the Independent, Dependent, and Controlled Variables?I am observing the different stages of cell division by observing the tip of an onion root under a microscope and the time spent in each cycle. During its completed cell division cycle, the onion root cell will have spent 68% in Interphase, 16% in Prophase, 6% in Metaphase, 4% in Anaphase, 4% in Telophase, and 2% in Cytokinesis.What are the independent, dependent, and controlled variables of the onion roots cell division?For more info my lab report is attached there are two general strategies in reproduction, 1) invest heavily in production of eggs and 2) invest heavily in parental care. which one of these strategies results in the most offspring making it to adulthood and explain why? kelly flies a distance of 2,100 miles. The trip takes 4 2/3 hours.What is the airplane's unit rate of speed in miles per hour? Which of the following is true about the Law of Conservation Energy? you will receive 32 annual payments of $37,500. the first payment will be received 7 years from today and the interest rate is 6.6 percent. what is the value of the payments today? I need help figuring this out Can you order with a Nike gift card online? If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three years which one will pay more and by how much 6. All of the following are true about the differencesbetween proteins and lipids EXCEPT:a. Foods that are good sources of lipids includefruits and grains, while foods that are goodsources of proteins include nuts and meat.b. Lipid hormones will be made of glycerol andfatty acids, where protein hormones are madeof amino acidsc. Lipid hormones will be composed of carbon(C), hydrogen (H), and oxygen (O), whereprotein hormones will be composed of carbon(C), hydrogen (H), oxygen (O), and nitrogen(N), phosphorus (P), and sulfur (S)d. Besides their function as hormones, lipids arealso used for energy storage and proteins areused for structure and repair Which of the following is not one of the guiding questions to creating a Strategic Business Plan?O "For whom do we do it?"O "What do we do?"O "What do we want?"O "What are our strengths and weaknesses?" Write the equation of this line in slope intercept form solve the equation for the indicated variable 11) z=b+m-a , for a 13) ca=d+r , for a 2. What is dy/dx if y=6x'/12+0.4x hydrogen and helium are the only elements in the first row of the periodic table. what characteristic(s) do they share that determine(s) their position? Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company. the owner of a clothing store records the following information for each transaction made at the store during a 7-day period. TRUE/FALSE. it is usually much easier to process a large number of items in an array than to process a large number of items that are stored in separate variables. this i dont understand i dont understand what an interception is - Find the greatest common factor of 3, 15, and 35.