Smoothing techniques or Exponential smoothing
Explain about the term smoothing techniques.
Expert
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.
What are the objectives and importance (Uses) of managerial Economics?
States the term Production?
Explain the assumptions of Law Diminishing Returns.
Illustrates the types of Demand Forecasting?
Screening refers to: (w) employers examining the qualifications of a potential employee before hiring. (x) applicants acquiring additional schooling in order to attain a certain job. (y) employers hiring only people of a certain race or sex. (z) applicants learning as
What are the important areas of decision making?
When we try to list labor supplies from least elastic to most elastic, in that case the most accurate ranking would most likely be: (1) competitive firm, minute industry, highly skilled occupation. (2) economy, skilled occupation, competitive firm wit
Landscaping a garbage dump along with topsoil, grass and trees to construct a golf course is an illustration of creating new: (i) capital. (ii) land. (iii) employment. (iv) economic profits. (v) natural resources. Please guys help
In an entirely employed food-and-clothing economy, continual equivalent reductions in food output generally will make it: (1) Essential to decrease clothing output uniformly. (2) Probable to generate successively bigger increases in clothing output. (
What is Demand Forecasting?
18,76,764
1946157 Asked
3,689
Active Tutors
1453274
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!