Statistical or analytical methods of demand forecasting, Microeconomics

Statistical methods are considered to be superior techniques of demand estimation because:

a. The element of subjectivity in this method is minimum,

b. Methods of estimation is scientific,

c. Estimation is based on the theoretical relationship between the dependents and independents variable ,

d. Estimates are relatively more reliable and

e. Estimation involves smaller cost.

Posted Date: 3/30/2013 2:10:55 AM | Location : United States







Related Discussions:- Statistical or analytical methods of demand forecasting, Assignment Help, Ask Question on Statistical or analytical methods of demand forecasting, Get Answer, Expert's Help, Statistical or analytical methods of demand forecasting Discussions

Write discussion on Statistical or analytical methods of demand forecasting
Your posts are moderated
Related Questions
Q. Explain about Real Wages? Real Wages:Value of wages, adjusted for level of consumer prices. If nominal value of wages is growing faster than consumer prices, then real wages


Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?

Consider an economy with three states. The following set of stocks is traded:   x 1 =(2,2,0)    x 2 =(1,0,3)  x 3 =(0,2,4). The t=0 prices of these stocks are given as follow

The marginal benefit of a refrigerant in a production process (the producer's willingness to pay for its use) is 100-5Q.  The marginal damage from the use of the refrigerant on the

Advocacy of Globalisation: In support of the movement for globalisation, the following arguments are put forth: i) Globalisation promotes foreign direct investment and, thu


how to estimate a regression model that tests for higher ability individuals get a greater return from schooling

How to use Demand and Supply tools to analyze the case of the Egyptian labor market?

on what grounds is consumer surplus criticised?