--%>

Smoothing techniques or Exponential smoothing

Explain about the term smoothing techniques.

E

Expert

Verified

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.

   Related Questions in Managerial Economics

  • Q : Purely competitive labor markets in

    When all labor were fundamentally very similar then, in long run equilibrium for purely competitive labor markets as: (w) money wages will be equal for all workers. (x) the net advantages of working in various occupations will be equa

  • Q : Negatively sloped over wage ranges The

    The supply curve of the labor is negatively sloped over wage ranges where the: (1) the demand for leisure rises along with income. (2) leisure is an inferior good. (3) people offer more hours of labor at higher wages. (4) some people

  • Q : Explain the Expenditure Method of

    Explain the Expenditure Method of Measurement of Elasticity.

  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

  • Q : Explain the term relatively inelastic

    Explain the term relatively inelastic demand.

  • Q : States the Scarcity Definition in

    States the Scarcity Definition in economics?

  • Q : Labor and Revenue in Purely Competitive

    Short run total revenue of the purely competitive firm would be at a maximum along with: (1) 600 workers. (2) 700 workers. (3) 800 workers. (4) 900 workers (5) 1000 workers.

    Q : States the determinants of elasticity

    States the determinants of elasticity?

  • Q : Investment in Specific Human Capital An

    An investment in specific human capital arises while: (w) Chandra learns Japanese to be eligible for a potential job in Tokyo. (x) Chele has a face lift so she can increase her fees for high-fashion modeling. (y) Chelsea practices playing a harp and a

  • Q : Economic Efficiency to make one person

    While an economic change creates one person worse off without influencing anyone else, this is: (w) good for society. (x) an inefficient change. (y) neither bad nor good for society. (z) strictly a macroeconomic issue.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1416291 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1953840
    Asked

    3,689

    Active Tutors

    1416291

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.