SCENARIO 16-5 the Number of Passengers Arriving at San Francisco on the on the Amtrak

question 112

Short Answer

SCENARIO 16-5
The number of passengers arriving at San Francisco on the Amtrak cross-country express on 6 successive Mondays were: 60,72,96,84,36,and 48.
-Referring to Scenario 16-5,the number of arrivals will be exponentially smoothed with a smoothing constant of 0.1.Then the forecast for the seventh Monday will be .

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Definitions:

MB = MC Rule

The principle that firms maximize profit by producing where marginal benefit (MB) equals marginal cost (MC), determining the optimal level of output.

Loanable Funds Theory

An economic theory that describes the market for borrowing and lending, where interest rates are determined by the supply of and demand for loanable funds.

Nominal Rate of Interest

The nominal interest rate on a loan or investment, before adjusting for inflation.

Real Rate of Interest

The real rate of interest is the rate of interest an investor expects to receive after allowing for inflation, reflecting the true earning potential of an investment.