Statistical or analytical methods of demand forecasting, Microeconomics

Assignment Help:

Statistical methods are considered to be superior techniques of demand estimation because:

a. The element of subjectivity in this method is minimum,

b. Methods of estimation is scientific,

c. Estimation is based on the theoretical relationship between the dependents and independents variable ,

d. Estimates are relatively more reliable and

e. Estimation involves smaller cost.

Related Discussions:- Statistical or analytical methods of demand forecasting

Microeconomic international policy, Ask questi‘Social welfare functions emb...

Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos

Determine the sources of divergence, Sources of Divergence The principa...

Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou

Claudia, Directions: You should legibly handwrite or type the answers to th...

Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav

Assignment, Ask qu a.Fill in the column of marginal products. What pattern ...

Ask qu a.Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this

Creating mobile telephone infrastructure, Creating Mobile Telephone Infrast...

Creating Mobile Telephone Infrastructure: The second concept of subsidising the telecom infrastructure required for providing services in rural and remote areas is designed to

Estimating Industry Demand for Fresh Market Carrots, this is a project I ne...

this is a project I need help answering the questions

Exam, Why is it unusual for yields on longer term notes to be lower than yi...

Why is it unusual for yields on longer term notes to be lower than yields on shorter term notes? 2pts b) Why would any investor buy the 2 year note (instead of the 1 year) given it

Determine breakeven value, Assume that you have a client that is a paper ma...

Assume that you have a client that is a paper manufacturer and they have expressed concern that the government will pass a new regulation banning the use of chlorine based technolo

Production, who is a rational producer?

who is a rational producer?

Demand and supply, Dance fans switches away from Dance music to R&B music A...

Dance fans switches away from Dance music to R&B music AND the price of MP3 players increases

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages