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 case of customary pricing with details?
A personal supply of labor is exemplified by an income effect which dominates the substitution effect if: (w) Trina retires to a beach condo after working for the city for 42 years. (x) members of a rock band give up touring for a yea
What are the main features of managerial economics?
Define the term unitary elastic.
Define the term cost plus pricing.
Illustrates the merits of scarcity definition?
When the income effect of a wage raise is more powerful than the substitution effect, in that case the: (i) labor supply curve will be “backward bending.” (ii) unemployment rate will rise since more people will be av
What is Oligopoly? Explain in brief.
Define the some criticized highlight points of Adam Smith?
Explain the meaning of price.
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