--%>
Assignment Help - homework help

State Extrapolation statistical Method of Demand Forecasting

States the Extrapolation statistical Method of Demand Forecasting?

E

Expert

Verified

Extrapolation: During this method the future demand can be extrapolated through applying binomial expansion method. It is based on the assumption which the rate of change in demand into the past has been uniform.

   Related Questions in Managerial Economics

  • Q : External factors in governing prices

    What are the external factors in governing prices?

    		•
  • Q : Define Cost Volume-Profit relationship

    Describe briefly Cost Volume-Profit relationship?

    		•
  • Q : Move downward demand for labor The

    The demand for labor would move downward like a consequence of: (w) grocery stores buying fewer automatic check-out touchpad computers, and in place of relying more heavily on cashiers to ensure friendly interactions along with customers. (x) declines

    		•
  • Q : Diminishing Marginal Productivity of

    Workers tend to be less productive at the margin like they work along with increasingly huge amounts of: (w) physical capital. (x) personal human capital. (y) technology which makes them narrow specialists. (z) labor from other people on an assembly line.

  • Q : Limitations of Marginal Costing Write

    Write down the limitations of Marginal Costing?

    		•
  • Q : Illustrate when Price is greater than

    Suppose that price is greater than average variable cost. When a perfectly competitive seller is producing at an output therefore price is $11 and the marginal cost is $14.54, in that case to maximize profits the firm must: w) continu

    		•
  • Q : Concept of marginal costing In what

    In what condition the concept of marginal costing basically applied?

    		•
  • Q : Main determinants of wage differentials

    Main determinants of wage differentials comprise: (1) general human capital requirements. (2) working conditions. (3) occupational crowding (4) specific human capital requirements. (5) All of the above. I need a go

    		•
  • Q : Occupational Licensing The capability

    The capability of otherwise qualified workers to involve in particular careers or enter specific professions is probably most inhibited from: (1) occupational licensing. (2) wage discrimination. (3) segregation in our school system. (4) union labor contracts. (5) scre

    		•
  • Q : Value of the marginal product of labor

    Profit-maximizing firms which operate in competitive resource and output markets adjust labor inputs till the wage rate equals the: (1) average revenue from output. (2) output price equals average variable cost. (3) marginal utility o

    		•