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Q. Explain about Time series analysis?
An analysis of relationship between variables over a period of time. Time-series analysis is helpful in assessing how an economic or other variable changes over time. For instance, one may conduct a time-series analysis on a stock, interest rates, sales volumes and quality measurements etc.
Methods for time series analyses can be divided into two classes: frequency-domain methods (spectral analysis and recently wavelet analysis) as well as time-domain methods (auto-correlation and cross-correlation).
Macro-economic policy objectives The major macro-economic policy objectives which the governments strive to achieve are: i. Full employment One of the main objectives
Q. Types of production function? Production function is of two different forms: The variable proportion production function The fixed proportion production functio
Danger of over-specialising A country may feel that in its long-term interests it should not be too specialized. A country may not wish to abandon production of certain
theory
Determine the uses of Managerial economics Managerial economics studies the application of the principles, methods and techniques of economics to managerial problems of busine
Producers Equilibrium or Optimal Combination of Inputs The analysis of production function has demonstrated that alternative combinations of factors of production that are tech
finding marginal product
Q. What is the Nature of Commodity ? The nature of a commodity as well has an effect on the price elasticity of its demand. Commodities can be characterised ascomforts, luxurie
Difference between corporate profit maximization and maximization of shareholder wealth? Ans) Sure, profit maximization relates to profits *only* while shareholder wealth also i
The most significant uses of the price elasticity of demand, used specifically in business decision-making. It refer to the relationship between price elasticity and the marginal c
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