Essays on Smoothing

Introduction

Planning is an important aspect of managing any business. Planning sometimes involves prediction of the future conditions. Forecasting sales is significant in profit planning among other strategic decisions. Several methods are used in forecasting sales. A business should apply the method that most accurately estimates the future sales. Excellent Consulting Group wants to identify the best method to forecast its sales for year two. A forecast has already been made using the regression analysis method. The technique involved developing an equation which gives the monthly sales figure as a function of the number of customers in each month. The ...

Abstract

Linear Regression (LR) forecasts the value of a random variable (dependent variable) for a given value of an associated independent variable. The regression equation provides the formula for such a calculation. Simple Exponential Smoothing (SES) forecasts the bases its forecasts on a weighted average of past data, with more weight on the more recent periods. A smoothing factor helps in providing weight. It generally forecasts for the short-term. In the present case, we forecast the sales data for year-2 for ABC Furniture Company using both the methods. For SES, we use two smoothing factors α equal to 0.15 and 0.90 ...

Thank you for this opportunity. We realize that there are several consultants from which to choose when it comes to this kind of analysis. We trust you will find this summary report informative and hope you will consider us for future projects. The most succinct answer to your question is this – Health Care. We almost wonder if this is a trick question to be honest. The demographics are clear and America is, as we all know, “graying.” Add to that the fact that Sarasota is in Florida, also known as “God’s waiting room,” and this became what we ...

The main goal of the state at all stages of its development is the stabilization of the economy. At the present time, the state actively uses the tools of intervention in the economy. The main 2 types of state intervention in the market economy include fiscal and monetary policies. Fiscal policy has been a key policy tool in addressing the aggregate demand consequences of the financial crisis in the United States. (Follette & Lutz, 2010)

Objectives of fiscal policy as any stabilization (countercyclical) policies aimed at smoothing cyclical fluctuations in the economy are to ensure:

Stable economic growth; Full employment (primarily a solution to the problem of cyclical unemployment); Stable price level (problem of inflation). (Strauch & Hagen, 2000) Fiscal policy ...

Introduction:

Pensions are an essential part of a civilized welfare state that rewards hardworking and taxpaying citizens with security in old age. The rationale behind pensions is that citizens who have worked for a living for almost 40 years of their young lives and have paid taxes deserve to have a regular source of passive income after retirement in old age. This is to ensure their basic needs are taken care of and they do not become a burden on society and private individuals. It also ensures higher spending in the market as opposed to a greater part of earnings ...

Exam Exercises

Exam Exercises According to the data received from watching the video and reviewing the article on this topic we are to give the definition of the sharing economy and articulate its main features from the management point of view. In general the sharing economy may be described as new model of economy that is based on the peer-to-peer relations of different economic actors working under the common legal framework. Sharing economy brings back the human connection to the sphere of economic transactions that used to be rather impersonal isolated field. Within the sharing economy the individuals may borrow or ...

Abstract

The memo is written with the purpose of discussing the financial standing of Atwood Oceanics, who has submitted an application for raising £5 million as a line of credit with the purpose of smoothing the variation in the cash flows of the company. We performed the financial analysis using the tool of financial ratios, as part of which, profitability and solvency ratios for the year 2014 were calculated. In addition, each ratio multiple was compared with the industry average and the assessment benchmark set by the bank. Our analysis indicated that the company is in a strong profitability and ...

International Business Management

With the increase in globalization of economies, most business enterprises have embarked on the process of becoming multinational enterprises. A multinational enterprise is an organization controlling or owning activities that add value in more than one nation. Multinational enterprises have different objectives ranging from search for foreign wealth, scarce and new technologies, knowledge and skills. Corporations, medium and small enterprises can morph into multinational companies. This is by investing in foreign countries or by opening up subsidiary companies. Companies could become multinational enterprises due to capital arbitrage that does not identify differences between multinational and national companies apart from ...