Answer: The correct answer is "C. Includes project documents".
Explanation: A project plan is a document that is normally used by managers to guide the execution and control of the project. In addition, it contains documents, assumptions of decision-making and all other information that helps expedite communication between the parties that make up the project and defines the scope, costs and objectives of the project.
Two of the most usually used forecast error measures are suggested absolute deviation (MAD) and implied squared errors (MSE). MAD is the average of absolute mistakes. MSE is the average of the squared errors. mistakes of contrary symptoms will not cancel every difference out in both measures. however, with the aid of squaring the mistakes, MSE is extra sensitive to big mistakes. both MAD and MSE can be used to examine the performance of different forecasting techniques. The high-quality approach is the only one that yields the lowest MAD/MSE. - consequently, the statement in the query is fake.
A smoothing regular of 0.1 will motivate an exponential smoothing forecast to react extra quickly to a sudden exchange than a fee of zero. three will. - false
A weighted shifting common permits unequal weighting of earlier time intervals. The sum of the weights has to be identical to 1. often, more recent periods are given better weights than durations farther beyond. Exponential smoothing places big weight on beyond observations, so the initial cost of a call may have an unreasonably big effect on early forecasts. for this reason, the assertion in question is fake.
In an easy linear regression model, the correlation coefficient not handiest indicates the strength of the relationship among independent and structured variables, however, also suggests whether or not the relationship is tremendous or negative. as a result the announcement in the query is genuine.
Forecasting techniques including moving-average, exponential smoothing, and the final-value approach all represent averaged values of time-series records. authentic
The shifting-average forecasting method is a very good one while conditions continue to be pretty a lot identical over the time period being considered.. authentic.
Learn more about the forecasting method here
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The type of venue that small-business retailers favor is C.SPECIALTY SHOP.
Being in a specialty shop, your products will be prominently displayed and competition is minimal <span>compared to other given venues.
Customers, looking for specific items that you can offer, usually prefer going directly to the shops instead of wasting time looking around those bigger venues searching for items they need. </span>
Answer:
a. long run equilibrium numbers of firms in the industry are 4
b. Output of each firm will be 16
Explanation:
Under cournot’s equilibrium, the cost function of an individual firm is written as:
C(q) = F + cq
In our case, C(q) is given as
C(q) = 256 + 20q
Therefore, F = 256 and c = 20
At the same time, the demand function is written as:
P(Q) = a - bQ
In our case, P is given as
P = 100 – Q
Therefore, a = 100, b =1
a. Long run equilibrium number of firms in the industry
N = ((a-c)/(bF)^0.5) – 1
N = ((100-20)/(1*256)^0.5) – 1
N = (80/16) – 1 = 4
Therefore, long run equilibrium numbers of firms in the industry are 4
b. Output of each firm will be q = (a-c)/b*(1+N) = (100-20)/1*(1+4) = 80/5 = 16
Therefore, total output of industry is 16*4 = 64
Price = 100-64 = 36
Profit = Revenue – Cost
Revenue of each firm = Price * Output = 36*16 = 576
Cost = 256+20*16 = 576
Therefore, profit = 0
