MGE302 Particular person Assignment: Quiz Prognosis Submission Instructions Due date: 11:59 pm, Sunday, 12 April 2026 You will want to enter the answers in the Excel template equipped. Level to all workings clearly in the Excel template (No workings, no components). SMS Pte Ltd is a Singapore-primarily primarily based firm selling premium ceramic mugs. The firm wants you to succor them stamp ask, forecast future costs, estimate price habits, and take be conscious of output selections. In the Excel template, you would even be equipped with quarterly data covering 2018 to 2025. (1) Estimate the linear ask fair the yell of the total variables given in the dataset. Level to the regression equation and results. (2) Equipped that Earnings=$60,000, Label of connected loyal=$50 and Inhabitants=1,000,000, order the ask equation as a fair of value. Spherical all coefficients to the nearest total quantity. (1) Estimate a value forecasting model that contains every a time sort and seasonal results. Focus on whether or no longer there is a transparent time sort and seasonal variation in value. (2) The utilization of your estimated model, forecast the price for the subsequent duration, 2026 Q1. (3) Review the reliability of your forecast. To your acknowledge, consult with model match, statistical significance, and any capability barriers. Estimate the precise moderate variable price fair. You will want to estimate the order purposeful blueprint discussed in faculty for the typical price fair. Spherical all coefficients to 2 decimal locations (2 d.p.). (1) Estimate the price elasticity of ask and defective-value elasticity, assuming fixed elasticity. (2) The utilization of your estimated elasticities, say about which market structure is in step with your result. Desire the profit-maximizing stage of output for this firm in 2026 Q1, assuming it operates available in the market structure you laid out for your acknowledge to the old ask. To search out the profit-maximizing stage of output, you would also yell the Aim Take a look at fair in Excel. A transient e book for the yell of Aim Take a look at to fetch the output stage is equipped in the subsequent page. Excel Aim Take a look at Manual Discovering the Income-Maximizing Output Aim: Exercise Excel Aim Take a look at to resolve for the quantity Q that makes MR = MC. In Excel, right here is performed by environment MR − MC = 0 and asking Excel to change the Q cell except the equation equals zero. Step 1. Utter up the worksheet Create four columns in Excel: Q (Quantity), MR, MC, and MR − MC. Enter an initial wager for Q in cell A2 (you would also additionally paddle away it as blank), then enter the MR and MC formulas in the adjacent cells. In the final column, calculate MR − MC. Cell Example content material A2 (Q) 10 (initial wager for Q) B2 (MR) =192.11 – 1.75*A2 C2 (MC) =46.96 – 1.105*A2 + 0.0279*A2^2 D2 (MR-MC) =B2 – C2 Step 2. Originate Aim Take a look at From the Excel ribbon, paddle to Knowledge → What-If Prognosis → Aim Take a look at. A small dialog box will seem. Step 3. Dangle in the Aim Take a look at dialog Utter cell: enter the cell that contains MR − MC. In the instance, right here is D2. To price: enter 0, on story of you be pleased to have Excel to resolve MR − MC = 0. By changing cell: enter the cell that contains Q. In the instance, right here is A2. Step 4. Click OK and be taught the answer Excel will alter the price in the Q cell except the formula in the MR − MC cell becomes zero (or as shut to zero as imaginable). The final price in the Q cell is the profit-maximizing output. Write My Assignment Characterize Human Written MGE302 Utilized Economics Assignment Acknowledge With SIM Requirement Native Singapore Writers Group 100% Plagiarism-Free Essay Perfect Pride Rate Free Revision On-Time Delivery
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