--%>
Assignment Help - homework help

Advantages and Disadvantage of Naïve Method

What are the advantages and disadvantage of naive method?

E

Expert

Verified

Advantages of Naïve Method:

a) This is easy method.

b) This is less expensive

c) This is appropriate small firms

Disadvantage of Naïve Method:

a) This is not a scientific method. And

b) This is not all the time reliable.

   Related Questions in Managerial Economics

  • Q : States the Wealth Definition in

    States the Wealth Definition in economics?

    		•
  • Q : Define the some criticized highlight

    Define the some criticized highlight points of Adam Smith?

    		•
  • Q : Perfectly inelastic labor-supply This

    This supply of labor of worker is perfectly inelastic at point: (w) point a. (x) point b. (y) point c. (z) point d.

    Q : Find demand when Supply and Demand

    Suppose that the auto started began at the intersection of S0 and D0, and then Congress passed a main personal income tax cut. So, how will it affect the auto market?: (w) No change. (x) Demand shifts to D2. (y) Demand shifts to D

    		•
  • Q : Elasticity of supply of labor by

    If the wage rate increases from $10 per hour to $25 per hour, then the elasticity of the supply of labor from this worker is roughly: (1) zero. (2) 7/15. (3) one. (4) minus 8/15.

    Q : Illustration of specific training The

    The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training.

    Q : Illustrates the economies of scale are

    Illustrates the economies of scale are categorization?

    		•
  • Q : Legal incidence of tax burdens The firm

    The firm or individual responsible for paying a specified tax to the government bears: (w) stigma of being a tax evader when it is completely forward shifted. (x) full tax burden only when the tax is backward shifted. (y) legal incidence of the tax. (z) reduction in p

    		•
  • Q : Illustrations of investments in human

    Illustrations of investments in human capital would comprise: (1) freeing slaves at the conclusion of the Civil War. (2) betting on the outcome of a professional wrestling match. (3) need people to pass a test on the U.S. Constitution before permittin

    		•
  • Q : Depletion of fossil fuel Resources I

    I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity

    		•