I just need part B of this question Item Year 1 Quantity Year 2 Quantity Year...
I just need part B of this question
|
Item |
Year 1 Quantity | Year 2 Quantity | Year 1 Price | Year 2 Price |
| Cat food | 25 bags | 30 bags | $6.00 | $8.00 |
| Dinner at El Zarape's | 50 meals | 45 meals | $9.00 | $12.00 |
3. Refer to the table above.
a. By what percentage has nominal GDP changed from Year 1 to Year 2? Note: Use the following formula: % change in GDP = Year 2 GDP – Year 1 GDP (Year 1 GDP + Year 2 GDP)/2
Year 1 = 25(6)+50(9) = 150+450 = 600
Year 2 = 30(8)+45(12) = 240+540 = 780
780-600/(1380)/2 = 180/(1380/2) = 180/690 = 0.26 = 26%
26%
b. Using Year 1 as your base year, by what percentage has real GDP changed from Year 1 to Year 2? (Note: Use the formula given above in part 3a).
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I just need part B of this question
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Year 1 Quantity
Year 2 Quantity
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Forecasting method
Use the moving average method to forecast period 105.Use the exponential smoothing method to forecast period 105.Use the time-series decomposition method to forecast period 105.Comparing the three methods, which one fits this situation best?The larger the parameter (n) is set, the more historical data are taken into account by the moving average.You can choose different parameter (n) to extrapolate to compare the prediction effect.In general, the parameter (n) should not be taken too large.Moving average.153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105Exponential smoothingsame153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105Time-series decomposition153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105
1) Show the quantity equation. Calculate velocity of money for each year. (3 points) 2) Can...
1) Show the quantity equation. Calculate velocity of money for
each year. (3 points)
2) Can you turn quantity equation into the quantity theory of
money? Why? Or Why not? (2 points)
3) Calculate an inflation rate from 2019 to 2020 by using the
quantity theory of money equation, which means that percentage
change in price level is equal to money growth rate minus economic
growth rate. (2 points)
Year Money Supply (Trillions) Price Level (GDP deflator) Real GDP (Trillions)...
1
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JUST FILL IN THE BLANK THANKS
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Need help for (c), (d) and (e)
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Use the moving average method to forecast period 105.Use the exponential smoothing method to forecast period 105.Use the time-series decomposition method to forecast period 105.Comparing the three methods, which one fits this situation best?The larger the parameter (n) is set, the more historical data are taken into account by the moving average.You can choose different parameter (n) to extrapolate to compare the prediction effect.In general, the parameter (n) should not be taken too large.Moving average.153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105Exponential smoothingsame153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105Time-series decomposition153025703560453055106560761085609580106101165012700136701470015760167301776018820197802090021840227702382024800257602676027770287902976030740317203267033690344703567036690376203865039610406204164042590436104460045630466004763048640496105059051610526305366054640558105679057820586505971060700616706269063730647306576066790678106887069890708707189072880739307498075900768607789078880798708084081860829108387084860858408654087780887508978090760917109273093750947509571096750977209877099740100750101760102780103800104850105
1) Show the quantity equation. Calculate velocity of money for
each year. (3 points)
2) Can you turn quantity equation into the quantity theory of
money? Why? Or Why not? (2 points)
3) Calculate an inflation rate from 2019 to 2020 by using the
quantity theory of money equation, which means that percentage
change in price level is equal to money growth rate minus economic
growth rate. (2 points)
Year Money Supply (Trillions) Price Level (GDP deflator) Real GDP (Trillions)...
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