Illustrates the criteria for good forecasting method
Illustrates the criteria for good forecasting method?
Expert
For a good forecasting method must satisfy the given criteria:
• Plausibility: This must be reasonable or believable.
• Simplicity: This must be simple and easy.
• Economy: This must be less costly.
• Accuracy: This must be as accurate as possible.
• Availability: Relevant data must be easily obtainable.
• Flexibility: This must be flexible to adopt needed changes.
The relative price of leisure rises while there are increases within the: (w) supply of labor. (x) wage rate. (y) cost of living. (z) marginal tax rate on income. Can someone explain/help me with best solution abou
Increasing the wage from $9 to $15 will cause Plastibristle’s total hourly wage payments to: (w) rise by about $900. (x) rise by about $1500. (y) fall by about $900. (z) fall by about $1500. <
Illustrates about the Barometric techniques?
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
CD sales have fallen from 2000, although sales of DVDs have increased, suggesting such that: (w) supply of prerecorded music should have fallen. (x) law of demand does not apply to the music market. (y) demands of many consumers adjusted to new technology. (z) music i
When all firms in an industry charge similar price for their product, it: (w) proves the existence of a cartel. (x) proves the existence of price leadership. (y) indicates an oligopoly. (z) may be consistent along with either pure competition or oligo
Illustrates the Modern Definition?
what is that policy that talks about not changing the policy frequently?
Illustrates the different between expert opinion method and trend projection method?
The value to society of the additional output produced by an additional worker is the: (w) marginal resource cost of labor. (x) value of the marginal product of labor. (y) value of the average product of labor. (z) marginal physical product of labor.<
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