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Q. Explain about Time series analysis?
An analysis of relationship between variables over a period of time. Time-series analysis is helpful in assessing how an economic or other variable changes over time. For instance, one may conduct a time-series analysis on a stock, interest rates, sales volumes and quality measurements etc.
Methods for time series analyses can be divided into two classes: frequency-domain methods (spectral analysis and recently wavelet analysis) as well as time-domain methods (auto-correlation and cross-correlation).
Question: i) Briefly explain the importance of forecasting for managers? ii) To what extent will managers rely on surveys in business forecasting? iii) What do you mea
Q. What do you mean by Ordinal utility? A method of analysing utility or satisfaction derived from consumption of services andgoods, based on a relative ranking of services and
Refer to above figure. Albania refused to engage in international trade for ideological reasons. To maximize its economic welfare it would choose to produce at which point in the d
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Shifts in the supply curve Shifts in the supply curve are brought about by changes in factors other than the price of the commodity. A shift in supply is indicated by an entir
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explain the law of demand
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