bmme5103

08998 t sig beta 123266 labor coefficients 2838 015

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Unformatted text preview: Squares Regression df Square F 1.763 12 .008 1.860 Total .881 .097 Residual 2 Sig. 108.856 .000(a) 14 a Predictors: (Constant), Lnlab, Lncap b Dependent Variable: Lnprod Coefficients(a) Unstandardized Standardized Coefficients Coefficients T Model 1 B (Constant) Std. Error -4.749 1.078 .250 Lncap .415 .135 Beta .809 Lnlab Sig. -5.901 .000 .586 4.303 .001 .418 3.070 .010 a Dependent Variable: Lnprod [TOTAL : 20 MARKS] 8 BMME5103/SEPT 07-F/KN PART B INSTRUCTIONS: 1. THERE ARE FOUR (4) QUESTIONS IN THIS PART. 2. ANSWER TWO (2) QUESTIONS ONLY. Question 1 a) What are the criteria that you would use to select an appropriate forecasting technique? [5 marks] b) The economic analysis division of Mapco Enterprises has estimated the demand function for its line of weed trimmers as QD = 18,000 + 0.4N - 350 PM + 90PS Where N = number of new homes completed in the primary market area PM = Price of the Mapco trimmer PS = price of its competitor’s Surefire trimmer In 2006, 15,000 new homes are expected...
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