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Author Question: The __________forecasting model uses nonlinear optimization to forecast the adoption of innovative ... (Read 54 times)

MirandaLo

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on: Jun 24, 2018
The __________forecasti ng model uses nonlinear optimization to forecast the adoption of innovative and new technologies in the marketplace.
 a. Hauck
  b. LMS
  c. Markowitz
  d. Bass

Question 2

The multiple regression model represents pricing for residential housing in a certain market. Predicted Price = 19,856.56 + 6985.25 bedrooms + 87.53 square foot. A house in the local market has 4 bedrooms and 2500 square feet of living area. Use the multiple regression model to determine the predicted price.


kkenney

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Reply #1 on: Jun 24, 2018
Answer to Question 1

d
RATIONALE: The Bass forecasting model uses nonlinear optimization to forecast the adoption of innovative and new technologies in the marketplace.

Answer to Question 2

266,623
RATIONALE: Predicted Price  = 19,856.56 + 6985.25 bedrooms + 87.53 square foot = 19,856.56 + 6985.25(4) + 87.53(2500) = 266,622.56.


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