Which of the Following Is Correct

question 40

Multiple Choice

Which of the following is correct?

• A)total output = labour productivity/worker-hours
• B)labour productivity = worker-hours/total output
• C)total output = worker-hours * labour productivity
• D)worker-hours = labour productivity * total output

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Definitions:

Forecast Error

The difference between actual demand and forecasted demand, indicating the accuracy of demand projections.

Holt's Model

A forecasting technique that extends exponential smoothing to capture trends in the data.

Alpha

In investing, alpha is a measure of performance on a risk-adjusted basis, comparing an investment's excess returns to the market's returns.

Seasonality

A pattern in data that repeats at regular intervals over time, often observed in sales, weather patterns, and agricultural production.