The Following Table Represents the New Members That Have Been

question 80

Essay

The following table represents the new members that have been acquired by a fitness center. Assuming α = 0.3,β = 0.4,an initial forecast of 40 for January,and an initial trend adjustment of 0 for January,use exponential smoothing with trend adjustment to come up with a forecast for May on new members.

Understand the role and benefits of different endorsements in banking.

Understand the characteristics and benefits of various types of Certificates of Deposit (CDs).

Identify the liquidity of different financial accounts and understand their impact on personal finance management.

Calculate the rate of return on savings and understand the effects of interest rates on savings and loans.

---

Definitions:

Scarce Resources

Limited or insufficient resources that cannot fully meet the demand when needed.

Labour

The human effort, both physical and mental, used in the production process.

Competitive Bidding

A purchasing process in which suppliers submit bids to win the rights to fulfill a contract.

Bid Price

The price a buyer is willing to pay for a good, service, or financial instrument.