Answer:
A political ideology is a series of events designed to sway an election.
Explanation:
False, Time Series methods base forecasts only on past variables and not on recent values.
Forecasting in time series is done when we make scientific predictions based on historical data. Time series involves building models through the analysis of historical data and using them to make observations that help in decision-making. The methods of time series refer to the different ways to measure the timed values.
There are four different components of the methods of time series. The first one is a secular trend which helps to describe the movement along the term. The second one is seasonal variations that help to show seasonal changes. The third one is cyclical fluctuations that correspond to periodical changes. the last component is irregular variations that happen at random.
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No because predictability does not allow one to learn or to discover new things
Answer:
is called fluid friction because the most weak friction occurs between them
Economist Adam Smith's position on the freedom of markets, the true source of wealth, and the division of labor is captured in his seminal thesis, the Wealth of Nations.
<h3>What was Adam Smith's position on these issues?</h3><h3>Freedom of markets: </h3>
Adam Smith postulated that markets should be free and not regulated because the free market mechanism ensures stability and prosperity for all.
<h3>The true source of wealth: </h3>
Adam Smith noted that the true source of wealth of any nation is a free enterprise nurtured on self-interest.
<h3>Division of Labor: </h3>
Adam Smith contended that division of labor ensured mutual interdependencies and is only limited by the <u>extent of the market</u>.
Thus, given Adam Smith's position on these subjects, he promoted Self-interest, division of labor, free enterprise, and the operation of the market mechanism of demand and supply.
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