Use the Data Given Below to Answer the Following Question(s)

question 41

Multiple Choice

Use the data given below to answer the following question(s) .
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. (Hint: Optimize α value in 0.1 increments) $$\begin{array} { | c | c | } \hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$$
-What is the formula used to calculate the value of at in the linear trend equation Ft+k = at + btk while using double exponential smoothing?

• A) at = ?(bt - bt-1) + (1 -?)bt-1
• B) at = ?Ft-1 + (1 - ?)(at +1 + bt+1)
• C) at = ?Ft + (1 - ?)(at -1 + bt-1)
• D) at = ?(bt + bt-1) + (1 + ?)bt-1

Understand the concept of transaction costs and their impact on market exchanges.

Identify the role and functions of middlemen in reducing transaction costs and facilitating trades.

Define and calculate opportunity costs in various economic scenarios.

Analyze the effects of high transaction costs on the number of exchanges and market efficiency.

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