Different between Expert opinion and Trend Projection method
Illustrates the different between expert opinion method and trend projection method?
Expert
Expert opinion method:
This is a qualitative technique. In this method an expert or informed individual utilizes personal or organizational experience like a basis for developing future expectations.
Trend Projection method:
In this method historical data is used to predict upcoming business activity. Now actual data are presented on a graph paper and forecasts for the future are prepared upon the basis of analysis of trend of such data.
Explain about the term smoothing techniques.
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Why is wealth definition of economics criticized?
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States the determinants of elasticity?
If the wage rate increases from $25 per hour to $40 per hour, in that case the elasticity of the supply of labor from this worker is roughly: (i) zero. (ii) 7/15. (iii) 13/15. (iv) one. (v) minus 13/15. Discover Q & A Leading Solution Library Avail More Than 1412510 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941904 Asked 3,689 Active Tutors 1412510 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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