MGE302 Particular individual Project: Ask Prognosis Submission Instructions Due date: 11:59 pm, Sunday, 12 April 2026 You should enter the solutions in the Excel template provided. Picture all workings clearly in the Excel template (No workings, no functions). SMS Pte Ltd is a Singapore-essentially based entirely agency promoting top payment ceramic mugs. The agency wants you to support them imprint quiz, forecast future prices, estimate imprint habits, and put in mind output selections. In the Excel template, you are provided with quarterly files protecting 2018 to 2025. (1) Estimate the linear quiz feature the exhaust of the total variables given in the dataset. Most up-to-date the regression equation and outcomes. (2) On condition that Earnings=$60,000, Rate of linked honest=$50 and Inhabitants=1,000,000, impart the quiz equation as a feature of imprint. Round all coefficients to the nearest total quantity. (1) Estimate a imprint forecasting mannequin that comprises every a time model and seasonal effects. Focus on whether or no longer there could be a distinct time model and seasonal variation in imprint. (2) The utilization of your estimated mannequin, forecast the imprint for the following length, 2026 Q1. (3) Review the reliability of your forecast. In your reply, test with mannequin match, statistical significance, and any potential boundaries. Estimate the steady reasonable variable imprint feature. You should estimate the impart purposeful make mentioned in class for the reasonable imprint feature. Round all coefficients to two decimal locations (2 d.p.). (1) Estimate the imprint elasticity of quiz and rotten-imprint elasticity, assuming constant elasticity. (2) The utilization of your estimated elasticities, discuss which market construction is in step along with your result. Resolve the earnings-maximizing level of output for this agency in 2026 Q1, assuming it operates available in the market construction you laid out on your reply to the old query. To procure the earnings-maximizing level of output, you need to perchance perchance exhaust the Aim Gaze feature in Excel. A fast files for the exhaust of Aim Gaze to search out the output level is provided in the following page. Excel Aim Gaze Data Discovering the Profit-Maximizing Output Aim: Utter Excel Aim Gaze to clear up for the quantity Q that makes MR = MC. In Excel, here’s carried out by environment MR − MC = 0 and asking Excel to interchange the Q cell unless the equation equals zero. Step 1. Region up the worksheet Originate four columns in Excel: Q (Quantity), MR, MC, and MR − MC. Enter an initial guess for Q in cell A2 (you need to perchance perchance additionally disappear away it as clean), then enter the MR and MC formulation in the adjoining cells. In the remaining column, calculate MR − MC. Cell Instance whine material A2 (Q) 10 (initial guess 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. Delivery Aim Gaze From the Excel ribbon, disappear to Files → What-If Prognosis → Aim Gaze. A minute dialog box will appear. Step 3. Occupy in the Aim Gaze dialog Region cell: enter the cell that comprises MR − MC. In the instance, here’s D2. To imprint: enter 0, because you have to score Excel to clear up MR − MC = 0. By altering cell: enter the cell that comprises Q. In the instance, here’s A2. Step 4. Click on OK and browse the acknowledge Excel will alter the imprint in the Q cell unless the formulation in the MR − MC cell becomes zero (or as shut to zero as imaginable). The leisure imprint in the Q cell is the earnings-maximizing output. Write My Project Allege Human Written MGE302 Utilized Economics Project Acknowledge With SIM Requirement Native Singapore Writers Crew 100% Plagiarism-Free Essay Perfect Pleasure Rate Free Revision On-Time Shipping
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