Use This Information to Answer the Following Questions -Refer to the Table Above

question 23

Essay

Use this information to answer the following questions.
The following time series,provided by the Federal Loan Home Mortgage Corporation,represents weekly 30-year fixed mortgage rates.
$$\begin{array} { l c } \text { Date } & \text { Mortgage Rate (\%) } \\ \text { October 14, 2005 } & 6.03 \\\text { October 21, 2005 } & 6.10 \\\text { October 28, 2005 } & 6.15 \\\text { November 4, 2005 } & 6.31 \\\text { November 11, 2005 } & 6.36 \\\text { November 18, 2005 } & 6.37 \\\text { November 25, 2005 } & 6.28 \\\text { December 2, 2005 } & 6.26 \\\text { December 9, 2005 } & 6.32 \\\text { December 16,2005 } & 6.30 \\\text { December 23, 2005 } & 6.26 \\\text { December 30,2005 } & 6.22 \\\text { January 6, 2006 } & 6.21 \\\text { January 13, 2005 } & 6.15\end{array}$$
-Refer to the table above.Use Solver to find the optimal alpha that minimizes MAD,and use exponential smoothing to forecast the next weekly mortgage rate.

Accurately estimate total manufacturing overhead for different departments.

Understand and calculate predetermined overhead rates using machine-hours as the allocation base.

Determine the manufacturing overhead applied to specific jobs within various departments.

Calculate predetermined overhead rates for different departments based on direct labor-hours or machine-hours.

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Definitions:

BFOQ

Bona Fide Occupational Qualification refers to a quality or an attribute that employers are allowed to consider when making decisions on the hiring and retention of employees—a quality that when considered in other contexts would constitute discrimination and thus be illegal.

Discriminate Against

Unfair treatment of a person or group based on preconceived judgments or characteristics.

Employment Law

The body of law that governs the rights and duties between employers and workers and regulates the working environment.

Equal Opportunities

Policies and practices designed to ensure that individuals are treated fairly and equitably, without discrimination based on characteristics such as race, gender, disability, or age.