Techniques of economic forecasting
Illustrates the techniques of economic forecasting in briefly?
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Techniques of Economic Forecasting:
There are some methods or techniques of business and economic forecasting, significant methods may be briefly described as given below:
a. Naive Method:
b. Survey Techniques
c. Expert opinion method and
d. 4.Trend Projection method.
Explain the meaning of Elasticity?
Give a brief introduction of the term P/V ratio and Contribution?
Describe the Long term Demand Forecasting.
Explain the marginal input-output relationship in short run and long run.
General training occurs while a: (w) secretary learns a new office procedure. (x) handyman learns to drive a semi-truck. (y) messenger learns the company’s in-house mail route. (z) navy recruit learns how to repair a guided missile.
One purpose that firms hire labor at the point where w is equal to P x MPPL is: (1) if w < P x MPPL, the cost (w) of hiring additional workers exceeds the gains (P x MPPL) of hiring them, therefore they would hire fewer workers. (2) when w > P x
Explain the role of demand factor in pricing briefly.
Explain about the term Recovery in phases of business cycle.
Write down the features of Marginal costing?
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 1442385 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1926582 Asked 3,689 Active Tutors 1442385 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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