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
Assume that in the market there exist two types of workers where the principle cannot distinguish types. The two types only differ with respect to the disutility of effort. The dis

what is the application of consumer surplus

What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisel

DEMOGRAPHIC PROFILE: A demographic profile of India can be prepared out of the data collected by the office of the Registrar General of India who is the responsible authority

Show that a pulsed spherical wave has a complex wavefunction of the form U(r,t) = (1/r)a(t-r/c) where a(t) is an arbitrary function. An ultrashort optical pulse has a complex wavef

The Industry's Long-Run Supply Curve * Long-Run Elasticity of Supply   1) Constant-cost industry Long run supply is horizontal Small increase in price will induc

Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you ex

Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.

Suppose Jean Splicer, an investor, buys $300,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $315,000. Assume the

If coolest icecream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should coolest icecream do to maximize profit