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.
Illustrates the Scope of Managerial /Business Economics?
Illustrates the techniques of economic forecasting in briefly?
A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination. Q : What are the important pricing What are the important pricing strategies?
What are the important pricing strategies?
When a firm gives substantial general training to specific workers: (i) it is probable to pay them a premium wage to cut labor turnover. (ii) the workers are likely to receive less pay than their VMPs after such training. (iii) the workers are most pr
What are the important areas of decision making?
What are the different types of determinants of advertisement elasticity?
When the substitution effect of a wage raise dominates the income effect, in that case the: (1) labor supply curve will be "backward bending." (2) value of the marginal product will exceed the wage rate. (3) labor force participation
Illustrates the barometric pricing briefly?
Technological advances because the starting of the twentieth century has: (w) removed the limits on our ability to produce. (x) removed the problem of scarcity. (y) expanded our capability to produce. (z) raised the use of resources for production. Discover Q & A Leading Solution Library Avail More Than 1420390 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1933741 Asked 3,689 Active Tutors 1420390 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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