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Methods of Forecasting
The various methods of forecasting demand may be grouped under the followings categories:
Opinion Polling Method: In this method the opinion of the buyers sales forces and expert could be gathered to determine the emerging trend in the market.
Equilibrium Exchange Rate: The theory of exchange rate determination explains how demand and supply of foreignexchange interact and jointly determine the equilibrium exchange
#limitations of time series analysis
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Explainbainlimitpricetheory
what is the theory of Second best? Prove the theorem with the help of a diagram.
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
Criteria of a Good Forecasting Method: 1. Simplicity : and Ease of Comprehension: Management must be able to understand and have confidence in the techniques used compli
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
The Tastee Bakery Company supplies a bakery product to many supermarkets in a metropolitan area. The company wishes to study the effect of shelf display height employed by the supe
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