Stock Exchange
Membership on a Stock Exchange for Five Years

question 2

Short Answer

Stock exchange
Membership on a stock exchange for five years is given below: $$\begin{array} { | c | c | } \hline \text { Year } & \text { Members } \\\hline 1996 & 520 \\1997 & 510 \\1998 & 505 \\1999 & 508 \\2000 & 512 \\\hline\end{array}$$
-Use the exponential smoothing procedure to obtain estimates of the trend.Set the smoothed value for 1996 equal to the actual and use a smoothing constant, $\alpha$ = 0.2.Compute the forecasted value for 2000.

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Definitions:

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, representing the cost per unit of output.

Marginal Costs

The cost incurred by producing one additional unit of a product or service.

Market Price

The amount at which a good or service is currently sold in the market, determined by supply and demand.

Produce

To create, manufacture, or grow goods and services for consumption or sale.