Techniques of economic forecasting
Illustrates the techniques of economic forecasting in briefly?
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Techniques of Economic Forecasting:
There are some methods or techniques of business and economic forecasting, significant methods may be briefly described as given below:
a. Naive Method:
b. Survey Techniques
c. Expert opinion method and
d. 4.Trend Projection method.
Illustrates the term economic cost concept briefly?
What are the tools and techniques for demand estimation?
What are the external factors in governing prices?
Define the term opportunity cost concept.
Explain about the term Boom in phases of business cycle.
The theory which the economic rent on agricultural land depends upon how much extra production is gained relative to the production which could be realized on land not rather worth cultivating is attributable to: (1) Johann H. von Thünen. (2) Ada
Explain the meaning of business cost.
Illustrates the characteristics of Oligopoly?
What are the Environmental or external issues of managerial economics?
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