A company has collected the following quarterly demand data for one if its products. Use the information provided to develop a forecast for periods 13 through 16 using classical decomposition of a time series. Period at
1 1,157
2 1,243
3 1,300
4 1,044
5 1,363
6 1,469
7 1,617
8 1,285
9 1,627
10 1,702
11 1,771
12 1,438

Develop the reseasonalized forecast for periods 13-16.

Period Re-seasonalized Forecast
13
14
15
16

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?