Describe the term trend projection
Describe the term trend projection.
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Trend projection:
A graph demonstrating the actual movement of a series is constructed and the apparent trend of the data upon future is projected or extrapolated. It is based upon the assumption that which forces that contributed past will carry on having the same effect.
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Explain about the term Recovery in phases of business cycle.
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Illustrates the pricing policy and practices?
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Explain the meaning of price.
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