{"id":210792,"date":"2018-09-14T12:52:06","date_gmt":"2018-09-14T12:52:06","guid":{"rendered":"http:\/\/localhost\/wordpress\/index.php\/2018\/09\/14\/eco-550-midterm-part-2\/"},"modified":"2018-10-24T09:02:00","modified_gmt":"2018-10-24T09:02:00","slug":"eco-550-midterm-part-2","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/eco-550-midterm-part-2\/","title":{"rendered":"ECO 550 Midterm Part 2"},"content":{"rendered":"<p>Question\u00a01\u00a0\t\u00a0\tThe\u00a0forecasting\u00a0technique\u00a0which\u00a0attempts\u00a0to\u00a0forecast\u00a0short-run\u00a0changes\u00a0and\u00a0makes\u00a0use\u00a0of\u00a0economic\u00a0\tindicators\u00a0known\u00a0as\u00a0leading,\u00a0coincident\u00a0or\u00a0lagging\u00a0indicators\u00a0is\u00a0known\u00a0as:\t\u00a0\tQuestion\u00a02\u00a0\t\u00a0\tConsumer\u00a0expenditure\u00a0plans\u00a0is\u00a0an\u00a0example\u00a0of\u00a0a\u00a0forecasting\u00a0method.\u00a0Which\u00a0of\u00a0the\u00a0general\u00a0categories\u00a0\tbest\u00a0described\u00a0this\u00a0example?\t\u00a0\tQuestion\u00a03\u00a0\t\u00a0\tWhich\u00a0of\u00a0the\u00a0following\u00a0barometric\u00a0indicators\u00a0would\u00a0be\u00a0the\u00a0most\u00a0helpful\u00a0for\u00a0forecasting\u00a0future\u00a0sales\u00a0\tfor\u00a0an\u00a0industry?\t\u00a0\tQuestion\u00a04\u00a0\t\u00a0\tThe\u00a0use\u00a0of\u00a0quarterly\u00a0data\u00a0to\u00a0develop\u00a0the\u00a0forecasting\u00a0model\u00a0Yt\u00a0=\u00a0a\u00a0+bYt\u22121\u00a0is\u00a0an\u00a0example\u00a0of\u00a0which\u00a0\tforecasting\u00a0technique?\t\u00a0\tQuestion\u00a05\u00a0\t\u00a0\tIf\u00a0two\u00a0alternative\u00a0economic\u00a0models\u00a0are\u00a0offered,\u00a0other\u00a0things\u00a0equal,\u00a0we\u00a0would \ufffd\t\u00a0\tQuestion\u00a06\u00a0\t\u00a0\t\u00a0\tSmoothing\u00a0techniques\u00a0are\u00a0a\u00a0form\u00a0of\u00a0____\u00a0techniques\u00a0which\u00a0assume\u00a0that\u00a0there\u00a0is\u00a0an\u00a0underlying\u00a0\tpattern\u00a0to\u00a0be\u00a0found\u00a0in\u00a0the\u00a0historical\u00a0values\u00a0of\u00a0a\u00a0variable\u00a0that\u00a0is\u00a0being\u00a0forecast.\t\u00a0\tQuestion\u00a07\u00a0\t\u00a0\tIn\u00a0Chinese\u00a0coastal\u00a0provinces,\u00a0brick\u00a0housing\u00a0for\u00a0a\u00a0fast\u00a0expanding\u00a0middle\u00a0class\u00a0is\u00a0very\u00a0comparable\u00a0in\u00a0\tsize\u00a0to\u00a0housing\u00a0in\u00a0the\u00a0U.S.\u00a0for\u00a0a\u00a0family\u00a0with\u00a0median\u00a0income\u00a0of\u00a0$51,000\u00a0because\t\u00a0\tQuestion\u00a08\u00a0\t\u00a0\tIf\u00a0Ben\u00a0Bernanke,\u00a0Chair\u00a0of\u00a0the\u00a0Federal\u00a0Reserve\u00a0Board,\u00a0begins\u00a0to\u00a0tighten\u00a0monetary\u00a0policy\u00a0by\u00a0raising\u00a0US\u00a0\tinterest\u00a0rates\u00a0next\u00a0year,\u00a0what\u00a0is\u00a0the\u00a0likely\u00a0impact\u00a0on\u00a0the\u00a0value\u00a0of\u00a0the\u00a0dollar?\t\u00a0\tQuestion\u00a09\u00a0\t\u00a0\t\u00a0\tCompanies\u00a0that\u00a0reduce\u00a0their\u00a0margins\u00a0on\u00a0export\u00a0products\u00a0in\u00a0the\u00a0face\u00a0of\u00a0appreciation\u00a0of\u00a0their\u00a0home\u00a0\tcurrency\u00a0may\u00a0be\u00a0motivated\u00a0by\u00a0a\u00a0desire\u00a0to\t\u00a0\tQuestion\u00a010\u00a0\t\u00a0\tTrading\u00a0partners\u00a0should\u00a0specialize\u00a0in\u00a0producing\u00a0goods\u00a0in\u00a0accordance\u00a0with\u00a0comparative\u00a0advantage,\u00a0\tthen\u00a0trade\u00a0and\u00a0diversify\u00a0in\u00a0consumption\u00a0because\t\u00a0\tQuestion\u00a011\u00a0\t\u00a0\tIf\u00a0the\u00a0British\u00a0pound\u00a0(\u20a4)\u00a0appreciates\u00a0by\u00a010%\u00a0against\u00a0the\u00a0dollar: \ufffd\t\u00a0\tQuestion\u00a012\u00a0\t\u00a0\tAn\u00a0appreciation\u00a0of\u00a0the\u00a0U.S.\u00a0dollar\u00a0has\u00a0what\u00a0impact\u00a0on\u00a0Harley-Davidson\u00a0(HD),\u00a0a\u00a0U.S.\u00a0manufacturer\u00a0of\u00a0\tmotorcycles?\t\u00a0\tQuestion\u00a013\u00a0\t\u00a0\tThe\u00a0optimal\u00a0currency\u00a0area\u00a0involves\u00a0a\u00a0trade-off\u00a0of\u00a0reducing\u00a0transaction\u00a0costs\u00a0but\u00a0the\u00a0inability\u00a0to\u00a0use\u00a0\tchanges\u00a0in\u00a0exchange\u00a0rates\u00a0to\u00a0help\u00a0ailing\u00a0regions.\u00a0\u00a0If\u00a0the\u00a0US,\u00a0Canada,\u00a0and\u00a0Mexico\u00a0had\u00a0one\u00a0single\u00a0\tcurrency\u00a0(the\u00a0Peso-Dollar)\u00a0we\u00a0would\u00a0tend\u00a0to\u00a0see\u00a0all\u00a0of\u00a0the\u00a0following\u00a0EXCEPT:\t\u00a0\tQuestion\u00a014\u00a0\t\u00a0\tThe\u00a0isoquants\u00a0for\u00a0inputs\u00a0that\u00a0are\u00a0perfect\u00a0substitutes\u00a0for\u00a0one\u00a0another\u00a0consist\u00a0of\u00a0a\u00a0series\u00a0of: \ufffd\t\u00a0\tQuestion\u00a015\u00a0\t\u00a0\tWhich\u00a0of\u00a0the\u00a0following\u00a0is\u00a0never\u00a0negative? 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\u00a0 Question\u00a04\u00a0 \u00a0 The\u00a0use\u00a0of\u00a0quarterly\u00a0data\u00a0to\u00a0develop\u00a0the\u00a0forecasting\u00a0model\u00a0Yt\u00a0=\u00a0a\u00a0+bYt\u22121\u00a0is\u00a0an\u00a0example\u00a0of\u00a0which\u00a0 forecasting\u00a0technique? \u00a0 Question\u00a05\u00a0 \u00a0 If\u00a0two\u00a0alternative\u00a0economic\u00a0models\u00a0are\u00a0offered,\u00a0other\u00a0things\u00a0equal,\u00a0we\u00a0would \ufffd \u00a0 Question\u00a06\u00a0 \u00a0 \u00a0 Smoothing\u00a0techniques\u00a0are\u00a0a\u00a0form\u00a0of\u00a0____\u00a0techniques\u00a0which\u00a0assume\u00a0that\u00a0there\u00a0is\u00a0an\u00a0underlying\u00a0 pattern\u00a0to\u00a0be\u00a0found\u00a0in\u00a0the\u00a0historical\u00a0values\u00a0of\u00a0a\u00a0variable\u00a0that\u00a0is\u00a0being\u00a0forecast. \u00a0 Question\u00a07\u00a0 \u00a0 In\u00a0Chinese\u00a0coastal\u00a0provinces,\u00a0brick\u00a0housing\u00a0for\u00a0a\u00a0fast\u00a0expanding\u00a0middle\u00a0class\u00a0is\u00a0very\u00a0comparable\u00a0in\u00a0 size\u00a0to\u00a0housing\u00a0in\u00a0the\u00a0U.S.\u00a0for\u00a0a\u00a0family\u00a0with\u00a0median\u00a0income\u00a0of\u00a0$51,000\u00a0because \u00a0 Question\u00a08\u00a0 \u00a0 If\u00a0Ben\u00a0Bernanke,\u00a0Chair\u00a0of\u00a0the\u00a0Federal\u00a0Reserve\u00a0Board,\u00a0begins\u00a0to\u00a0tighten\u00a0monetary\u00a0policy\u00a0by\u00a0raising\u00a0US\u00a0 interest\u00a0rates\u00a0next\u00a0year,\u00a0what\u00a0is\u00a0the\u00a0likely\u00a0impact\u00a0on\u00a0the\u00a0value\u00a0of\u00a0the\u00a0dollar? <a href=\"https:\/\/www.benedictsol.com\/blogs\/eco-550-midterm-part-2\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210792","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210792"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}