The Seneca Children's Fund is a local charity that runs summer camps for disadvantaged children. The fund's...
70.2K
Verified Solution
Link Copied!
Question
Basic Math
The Seneca Children'sFund is a local charity that runs summer camps for disadvantagedchildren. The fund's board of directors has been working very hardin recent years to decr4ease the amount of overhead expenses, amajor factor in how charities are rated by independent agencies.The following data show the percentages of the money the fund hasraised that was spent on administrative and fund-raising expensesfor 2006-2012.
Year Expense (%)
2006 13.7
2007 13.9
2008 14.8
2009 14.6
2010 14.9
2011 15.1
2012 15.6
a. Construct a timeseries plot. What kind of relationship exists in the data?
b. Develop a lineartrend equation for these data.
c. Forecast thepercentage of administrative expenses for 2013.
d. Using a smoothingconstant of .2 forecast a value for 2013.
The Seneca Children'sFund is a local charity that runs summer camps for disadvantagedchildren. The fund's board of directors has been working very hardin recent years to decr4ease the amount of overhead expenses, amajor factor in how charities are rated by independent agencies.The following data show the percentages of the money the fund hasraised that was spent on administrative and fund-raising expensesfor 2006-2012.
Year Expense (%)
2006 13.7
2007 13.9
2008 14.8
2009 14.6
2010 14.9
2011 15.1
2012 15.6
a. Construct a timeseries plot. What kind of relationship exists in the data?
b. Develop a lineartrend equation for these data.
c. Forecast thepercentage of administrative expenses for 2013.
d. Using a smoothingconstant of .2 forecast a value for 2013.
Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.