Illustrates the criteria for good forecasting method
Illustrates the criteria for good forecasting method?
Expert
For a good forecasting method must satisfy the given criteria:
• Plausibility: This must be reasonable or believable.
• Simplicity: This must be simple and easy.
• Economy: This must be less costly.
• Accuracy: This must be as accurate as possible.
• Availability: Relevant data must be easily obtainable.
• Flexibility: This must be flexible to adopt needed changes.
Categories the cost concept of business operation and decision making?
States the functions and responsibilities of managerial economist?
Describes the definition of Managerial economics according to Douglas?
challenges of Equilibrium picing in devloping countries
Adam Smith would have had the greatest complexity in describing income differentials as depends on scarcity and productivity for the case wherein: (1) Holly lives into New York City and is paid more than Devin, who has a same job in K
Illustrates the environmental or external issues.
The labor supply curve facing a firm or industry is all the time upward sloping still when individual labor supply curves are backward bending since: (w) at higher wages everyone will supply more hours of work. (x) firms never pay wag
States the term Production?
If all else regarding two occupations are relatively equal, then wages tend to be lower for jobs which: (1) require important education and training. (2) expose the worker to bad weather. (3) require extended periods away from home. (4) pose health and safety hazards
Explain the about Fiscal Policy.
18,76,764
1948093 Asked
3,689
Active Tutors
1434648
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!