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.
Illustrates the responsibilities of managerial economists?
For wage rates in between $18 and $21, there the elasticity of Morgan’s supply of labor is: (w) 0.72. (x) one. (y) 1.08. (z) 1.44. Q : Consumer Interview Survey method of Explain the Consumer Interview Survey method of Demand Forecasting.
Explain the Consumer Interview Survey method of Demand Forecasting.
Explain the aspects of operational or internal issues.
Explain the Simultaneous equation method of Demand Forecasting.
When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a moving step to equilibrium at D1L, S0L would be probably to follow from increases in: (w) imports of this good by foreign competitors. (x)
Illustrates the term variable cost?
Illustrates the pricing policies briefly?
Explain the follow-up pricing.
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