Smoothing techniques or Exponential smoothing
Explain about the term smoothing techniques.
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In this method smoothed average of some past observations are considered as, moving average and exponential smoothing average. This process is very inexpensive and cheap. But this cannot give accurate forecasts.
Suppose that the auto started began at the intersection of S0 and D0, and then Congress passed a main personal income tax cut. So, how will it affect the auto market?: (w) No change. (x) Demand shifts to D2. (y) Demand shifts to D
Reasons why workers are often paid more than they could make in their best alternative positions do not include: (1) human capital valued by many firms. (2) membership in a union along with a labor contract. (3) holding a minimum wage job when most unskilled workers a
Illustrates the pricing policies briefly?
Explain the objectives of pricing policy and its aim.
Illustrates the term Law of Demand? Answer: The law of Demand is termed as the “first law in market”. It shows the relation in between quantity and price
For labor Plastibristle’s demand is most wage elastic at: (1) point a. (2) point b. (3) point c. (4) point d. Q : Define the going rate pricing briefly Define the going rate pricing briefly.
Define the going rate pricing briefly.
I have a problem in economics on Diminishing Returns. Please help me in the following question. In a completely employed food-and-clothing economy, equivalent successive raises in food production will ultimately need successively: (i) Larger increases
What did professor Marshall illustrates about Law of Demand? Answer: According to Marshall “the amount demanded raises along with reduces in price and diminish
Explain the cost function in briefly.
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