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

question 48

Essay

Use this information to answer the following questions.
Joe Smith operates an ice cream shop and works only three days a week.The number of ice cream cones that he sells is shown as follows.
$$\begin{array} { | l | c | c | c | c | c | } \hline \text { Friday } & 100 & 114 & 110 & 115 & 112 \\\hline \text { Saturday } & 130 & 135 & 140 & 145 & 142 \\\hline \text { Suraday } & 60 & 65 & 55 & 50 & 63 \\\hline\end{array}$$
-Refer to the table above.
a.Use exponential smoothing with an alpha value of 0.5 to forecast next day's sales.
b.Use Solver to determine the optimal alpha value that minimizes MSE.Forecast next day's sales using this optimal alpha value.

Distinguish between American and European options and their exercise terms.

Understand the concept of conversion value and conversion price in the context of convertible bonds.

Grasp the concept of exercising an option and its implications for the option holder.

Learn about the Black-Scholes call option pricing model and its applications.

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