The following are sales revenues for a large utility company for years 1 through 11. Forecast revenue for years 12 through 15. B
ecause
we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers in
millions.)
YEAR
01 OUA
REVENUE (MILLIONS)
$4,869.
5,069.9
5,522.7
5,734.3
5,503.6
5.195.1
$5, 101.3
5,107.0
5. 552.3
5,744.8
5,863.0
Forecast
Period
12
13
15
we are forecasting four years into the future, you will need to use linear regression as your forecasting method. (Enter your answers in
millions.)
YEAR
01 OUA
REVENUE (MILLIONS)
$4,869.
5,069.9
5,522.7
5,734.3
5,503.6
5.195.1
$5, 101.3
5,107.0
5. 552.3
5,744.8
5,863.0
Forecast
Period
12
13
15
1 answer:
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Answer:
1) Attached
2) 150-3p = 3p-30
3) P=30, Q=60
4) 150-3p = 3p-90
5) P=40 and Q=30
6) Ps=Pd+10
7) P=35, Q=45
8) P=45, Q=45
Explanation:
We can write the equation for the quantity demanded as:
And the equation for the quantity supplied as:
1) Attached
2) The equilibrium price can be calculated by making the quantity supplied equal to quantity demanded:
3) The equilibrium price is P=30.
The equilibrium quantity can be calculated as:
The equilibrium quantity is Q=60.
4) The supply now becomes:
The equation for the new equilibrium price is:
5) The new equilibrium is at p=40 and Q=30
6) They will receive
7) In this case, the quantity supplied becomes:
The new price equilibrium becomes P=35:
The quantity for this equilibrium is Q=45:
8) Now, the equations for demand and supply are:
The equilibrium price and quantity becomes:
