Explain about the term survey techniques
Explain about the term survey techniques.
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Survey Techniques:
It is one of the simplest forecasting devices are to survey business firms or persons and to find out what they believe will arise is survey techniques. In survey techniques, mailed questionnaires and interviews are used for forecasting elements. These are useful in making short-term forecasts. Such techniques may be utilized for forecasting the overall level of economic activity or several special portion of this or they may be used in the firm for forecasting future sales.
Explain the term Production function.
Explain the cost concepts briefly.
Illustrates the environmental or external issues.
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Explain about econometric models.
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Illustrates the steps in formulating pricing policies in details?
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Explain about the control of business cycle.
Illustrates the techniques of economic forecasting in briefly?
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