Answer:
B. they involve the use of expert judgement do develop forecasts
Explanation:
A time series is a series of events that is spaced equally in time. It is a statistical technique used to identify a time based trend of events and them make forecast using data from the trend/time series.
Time series requires certain processes which include discovering of a pattern in the historical data, projection of the historical data into the future, assumption that the pattern will remain the same(constant) as the time goes by, etc.
In time series method, since historical data is the point of reference for making a forecast, no expert judgements is required to develop forecasts. This is because once the data of the series from the past has been taken and a trend/pattern has been identified, that becomes the basis for future forecasts.
Cheers.
Answer:
The answer is A
Explanation:
Competitive environment is an environment where competitors compete with one another for customers.
For example, Westpac, NAB, Commonwealth Bank and ANZ are in the same competitive environment. These are banks in Australia.
Types of competition are perfect competition, monopoly, monopolistic competition, oligopoly etc.
Answer:
If the demand for the product or services goes down
Explanation:
A reduction in demand for a good or service results in a decline in its price. As per the law of supply and demand, a decline in demand while holding other factors constant pushing the equilibrium price down. Reduced prices mean that the revenues obtained from the sales of the product or service will decline.
Hiring an extra worker when the demand is low will lead to losses. Low demand causes low prices, which implies that the cost of the new employee will be greater than the benefits obtained from the worker. A reduction in prices will mean that the marginal product of labor will be lower than the cost of labor.
Connor and demi are employees of Eco crop corporation. under the equal pay act, Eco crop can legitimately pay different wages on the basis of seniority.
What is a Wages?
A wages is the amount of money that an employer agrees to pay a worker in exchange for their services. Actual earnings come in a variety of forms, including the following:
- Piece rates are the remuneration given in accordance with the job completed by the employee. The quantity of units generated by the employee is taken into account while calculating the piece rate.
- Time earnings are earned when a worker is compensated for his or her labor in accordance with the passing of time. For instance, time wages would apply if the worker received 35 rupees per day.
Learn more about Wages here:
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Answer:
b. does not change real variables. Most economists think this is a good description of the economy in the long run but not in the short run
Explanation:
According to money neutrality, change in the money supply does not change real variables since most economists think this is a good description of the economy in the long run but not the short run.
