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  #51  
Old 10-18-2008, 10:40 PM
abasten abasten is offline
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Quote:
Originally Posted by LoneGirl View Post
I didn't use regression either. I did something similar to what you are suggesting, but I didn't solve for each individual a and b value. I used the formula to determine expected total labor costs, and then compared that to actual total labor costs (which are given).
LoneGirl, I just sent you a private message about the numbers I got. Could you please verify them? Thanks a lot.
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  #52  
Old 10-20-2008, 05:42 PM
ernest ernest is offline
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7. I don't see any definite way to split the remaining cost between equipment and energy,
since both are fixed amounts that increase by inflation. It should not be necessary to
split them since they operate in the same way.

Splitting between energy and equipment can be done if the 1 shift expenses are examined as well as the two shift expenses-
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  #53  
Old 10-20-2008, 06:31 PM
abasten abasten is offline
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Quote:
Originally Posted by ernest View Post
7. I don't see any definite way to split the remaining cost between equipment and energy,
since both are fixed amounts that increase by inflation. It should not be necessary to
split them since they operate in the same way.

Splitting between energy and equipment can be done if the 1 shift expenses are examined as well as the two shift expenses-
How did you calculate the delivery cost? I followed the way on post 19, but the number is around 20, way to high!

Last edited by abasten; 10-20-2008 at 07:00 PM..
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  #54  
Old 11-03-2008, 12:12 AM
proudpapa proudpapa is offline
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BUMP
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  #55  
Old 11-05-2008, 09:12 AM
RickT RickT is offline
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Quote:
Originally Posted by sharkie21 View Post
When I did mine, I think I changed almost all the assumptions.
my assumptions pretty on spot.
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  #56  
Old 11-05-2008, 09:15 AM
RickT RickT is offline
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Originally Posted by abasten View Post
How did you calculate the delivery cost? I followed the way on post 19, but the number is around 20, way to high!
IMHO, the delivery cost is insignificant.
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  #57  
Old 11-06-2008, 02:25 PM
Helmet Helmet is offline
 
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What's wrong with simply looking at actual vs. projected? Too simple?
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  #58  
Old 11-06-2008, 08:00 PM
Helmet Helmet is offline
 
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Did anyone give an overview of experience analysis, or talk about the benefits of experience analysis, as we did in the Module 7 Exercise?
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  #59  
Old 11-07-2008, 06:30 AM
RickT RickT is offline
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Originally Posted by Helmet View Post
What's wrong with simply looking at actual vs. projected? Too simple?
After looking at it, you still need to think of how close your assump vs actual. If too far off, then still need to revise and give reasons - your actuarial judgement.
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  #60  
Old 11-07-2008, 06:32 AM
RickT RickT is offline
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Quote:
Originally Posted by Helmet View Post
Did anyone give an overview of experience analysis, or talk about the benefits of experience analysis, as we did in the Module 7 Exercise?
If the question ask, then you need to answer. else, is up to you whether you have the time or believe grader will grant you extra points
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