Answer:
Discovery of new oil reservoirs and technological developments on oil extraction.
Explanation:
The world has not run out of oil by two reasons. First, the discovery of new oil reservoirs and, second, the development of new technologies that increased extraction efficiency in a feasible way.
Answer:
- Forecasting
Explanation:
Forecasting is a technique used by businesses to determine how much of a good to produce. Companies rely heavily on past sales volumes to forecast future productions. Apart from past sales, firms also consider trends in the industry and the countries economic status.
Forecasting is also known as projecting as it involves a rational way of predicting future productions.
Answer:
It allows them to let companies know that they do not want them to share certain information with third parties.
Explanation:
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Option (e) is correct.
Explanation:
Given that,
Weights for the periods:
w_t-4 = 0.1,
w_t-3 = 0.2,
w_t-2 = 0.3
w_t-1 = 0.4
Demand observed in the previous four periods:
A_t-4 = 380
A_t-3 = 410
A_t-2 = 390
A_t-1 = 400
Demand forecast for period t:
= (w_t-4 × A_t-4) + (w_t-3 × A_t-3) + (w_t-2 × A_t-2) + (w_t-1 × A_t-1)
= (0.1 × 380) + (0.2 × 410) + (0.3 × 390) + (0.4 × 400)
= 397
