Problems From Chapter 2 2.12 a) and b) Forecast (86 + 75)/2 (75 + 72)/2 etc = = 80.5 73.5 77.5 107.5 98.5 87.5 100.0 78.5 79.5 95.0 = = Period 3 4 5 6 7 8 9 10 11 12 21.6 717.5 Actual 72 83 132 65 110 90 67 92 98 73 et +8.5 -9.5 -54.5 42.5 -11.5 -2.5 +33.0 -13.5 -18.5 +22.0 c) MAD MSE = = (216)/10 (7175)/10 MAPE = 100 1 n ∑D i ei = 25.61 2.13 Fcst 1 Fcst 2 223 289 430 134 190 550 210 320 390 112 150 490 Demand 256 340 375 110 225 525 Err 1 33 51 -55 -24 35 -25 Err 2 46 20 -15
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Chapter 1 Philosophy means philein: love and sophia: wisdom‚ the love or pursuit of wisdom Philosophy beings with wonder‚ a search for the answer to a greater question Philosophy is a dynamic process‚ the dynamic nature of philosophical thinking‚ a process that is dialectical in the sense that ideas are continually analyzed in terms of their opposites‚ with the ultimate goal of creating a more enlightened synthesis The ultimate aim of philosophy is the goals is 1. the complete liberty of the
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Chapter 2: Aid for investment -What is the financing gap? Gap between required investment and domestic saving -Explain the Harold-Domar approach and its failings? GDP growth will be proportional to the share of investment spending in GDP. Its failings are that this model applied more to the short-run business cycle in rich countries. Also‚ he was writing in the aftermath of the Great Depression‚ thus taking high unemployment as given. -True or False. There is no relationship between aid and
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Chapter 1 1. What positive and negative managerial characteristics does Jamika possess? Positives: She set objectives by ordering Marianne to call both employees to have them to bring in a doctor’s note when they return back to work after having to reschedule the clients hair appointments. She is doing the best she can do by showing leadership by saying to herself that she would take care of the situation personally. Negatives: She didn’t show great communication with her employees that were
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For this assignment‚ I decided to interview my best friend Cindy. We met while working together and have been best friends for about 8 years. She is the person I can confide in‚ trust‚ and have open honest conversation with. Many people find it hard to believe‚ but we have not had a fight‚ that either of us can recall. I believe this is because we have always had a high level of respect for each other and we respect the other’s opinion. We may not always agree on something‚ but we respect the each
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Critique of “Momma’s Encounter” Maya Angelou was born in St. Louis‚ Missouri (1928) as Marguerite Johnson; however she grew up in Stamps‚ Arkansas where her grandmother ran a general store. Angelou has acted and written several plays‚ poems‚ and a six-part autobiography “I Know Why the caged Bird Sings” making her one of this country’s foremost black writers. In this story Angelou tells about how her grandmother (momma) triumphs over a pack of taunting neighborhood children. I feel very strongly
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An Encounter with Character The word character is often mistaken for something it is not meant to be. Character to me‚ means that something or someone has a personality and that everything about it tells you all you need to know about it. It is a word that has little meaning now a days but when you experience something with real character you begin to see what the word’s true meaning is. I used to misconceive this word as well‚ until a few week back when I experienced something that had real character
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Chapter 2 Identifying Key Terms 1. Other terms for the market economic system are capitalism and invisible hand. 2. Many American believe that their economic system accounts for the high______ in the United States 3. The concept of _____ allows people to buy and own land‚ a home or their own business. 4. The____ can make profits or incur great losses. 5. A person may keep the___ they earn from selling. 6. Most people live in countries that have a ____. 7. Adam Smith said the economy is directed
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CHAPTER 2 - REVIEW I. Choose ONE correct answer 1. Government imposes tax on producer. This will lead to: a. a right shift in supply curve b. a left shift in supply curve c. a movement in supply curve d. a movement in demand curve 2. Assume that A’s supply is constant‚ A and B are substitute goods. The decrease in B’s price will lead to: a. a rightward shift in A’s demand curve b. a rightward shift in B’s demand curve c. a leftward shift in B’s demand curve d. None 3. The Engel
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ENCOUNTER WITH THE WEST 10. THE TRAIDING ROUTE • In the last two centuries of the Middle Ages‚ the Europeans‚ while regaining the Holy Land from the Muslims‚ were able to establish commerce with the Orient through trade routes. The goods the Europeans wanted were gold‚ jewels‚ silk‚ perfumes‚ especially spices like: *pepper *onions *ginger *nutmeg *garlic is the most important items of trade from East. • Owning to the desire of the Europeans to enhance the taste of food and to preserve
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