Which of the followings is a duty of the Board of Governors of the Federal Reserve System?
A) setting margin requirements, the fraction of the purchase price of the securities that has to be paid for with cash
B) setting the maximum interest rates payable on certain types of time deposits under Regulation Q
C) regulating credit with the approval of the president under the Credit Control Act of 1969
D) All governors advise the president of the United States on economic policy.
A
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Explain whether Delta Airlines' sales are likely to fluctuate more or less than the sales of each of the following firms as the economy moves from recession to expansion and back to recession
Whirlpool Corporation (appliance manufacturer) Taco Bell The Boeing Company (aircraft manufacturer) GameStop (video game sales and rentals)
Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend:
Q = 50,000 + 200t where t is time and t = 0 in 2000. a. Forecast sales for 2013. b. Do you see any problems with this forecasting method?