States the Delphi Survey method of Demand Forecasting
States the Delphi Survey method of Demand Forecasting?
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Delphi Method: This is a sophisticated statistical method to get at a consensus. In this method, a panel is chosen to provide suggestions to solve the problems on hand. Internal and external, both experts can be the members of the panel. Panel members are maintained apart from each other and express their opinions in an anonymous manner.
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A labor market operates inefficiently when labor is hired only up to a point where, that the last worker: (1) VMP = w. (2) VMP minus MRC exceeds zero and is maximized. (3) P x MPPL = w. (4) added total revenue equals added total cost. Discover Q & A Leading Solution Library Avail More Than 1412184 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1954262 Asked 3,689 Active Tutors 1412184 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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