Advantages and Disadvantage of Naïve Method
What are the advantages and disadvantage of naive method?
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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.
Describe about the term Boom in phases of business cycle.
All else identical, a competitive firm will demand more labor when: (w) technological advances lead to automation. (x) the price of the firm’s output rises. (y) more firms enter the industry. (z) competing firms offer their workers more training
what are the criteria for good forecasting
Define naive method and its techniques briefly.
Describe the term trend projection.
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Hulk is a fitness counselor who coaches five clients at a time during exercise groups at Beefcake Body Builders. Hulk’s hourly wage is of $17, and Beefcake charges his clients $20 for every hour-long conditioning session. Therefore average value of produ
Boris operates a local landscaping company, needs each potential employee to lift a 200 pound tree before being hired whole-time. This obligation is an example of: (1) signaling. (2) discrimination. (3) screening. (4) derived demand. (5) automation. Discover Q & A Leading Solution Library Avail More Than 1435399 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1935560 Asked 3,689 Active Tutors 1435399 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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