Define naive method and its techniques briefly
Define naive method and its techniques briefly.
Expert
Naive Method:
It is one of the oldest and crudest ways of forecasting business situation. It is not based upon any scientific approach. There projection is made purely through guesswork and sometimes through mechanical interpretation of historical data. Such method consists of such techniques like tossing the coin, simple correlation and even several other simple mathematical techniques.
The substitution consequence on labor supply decision of an individual is more powerful than the income effect while: (1) higher wage rates result within increased hours worked. (2) cuts in wage rates yield discouraged worker effects. (3) the supply c
Explain the reasons for demand curve slopes downward.
Define the going rate pricing briefly.
Does managerial economic as a tool for Forward Planning? Explain this term briefly.
The elasticity of demand for labor is directly associated to: (w) labor’s share of total costs. (x) the elasticity of demand for output. (y) the ease of substitution between labor and other resources. (z) All of the above. Q : Process of Signaling Job applicants Job applicants make use of polished resumes explaining education, work experience and skills, accompanied from supportive letters of recommendation letters like tools in a process economist’s call: (1) adverse selection. (2) signaling. (3) human
Job applicants make use of polished resumes explaining education, work experience and skills, accompanied from supportive letters of recommendation letters like tools in a process economist’s call: (1) adverse selection. (2) signaling. (3) human
When the income effect of a wage raise is more powerful than the substitution effect, in that case the: (i) labor supply curve will be “backward bending.” (ii) unemployment rate will rise since more people will be av
Explain about the term smoothing techniques.
Explain about the control of business cycle.
Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production. Discover Q & A Leading Solution Library Avail More Than 1415621 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1948103 Asked 3,689 Active Tutors 1415621 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1948103 Asked
3,689
Active Tutors
1415621
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!