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

Ask an Expert

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

Write your message here..

Related Questions

Economic profit in a monopoly 2006 ap exam, is it just assumed that a monop... is it just assumed that a monopoly graph is showing economic profit instead of accounting profit

Vitamin a, 1) Vitamin A Vitamin A has been chosen as the vitamin to be incl... 1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.

Government budget deficits, Government Budget Deficits Governments have... Government Budget Deficits Governments have been traditionally spending more what they could earn by way of taxes and sale of economic goods and services produced by them. The

Implications of privatisation for a small island economy, Question 1: (... Question 1: (a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private secto

Explain and illustrate, explain and illustrate the changing demand for big ... explain and illustrate the changing demand for big mac using indefference curve and budget line

Laws of economics, Do the laws of economics still work today? use the case ... Do the laws of economics still work today? use the case discussed in class to answer this question or any other examples) (ii) Provide examples of three factors that can shift the

Markets, What are markets types of markets What are markets types of markets

Molecular energies, Molecular Energies,  Translational, rational and vibrat... Molecular Energies,  Translational, rational and vibration components of the energy of the molecules of a gas can be recognized. A molecule is a collection of atoms held in a pa

Law of conservation of mass, what is the example of this law what is the example of this law

Marginal Cost, why raise MC cost after minimum level ? why raise MC cost after minimum level ?