Which One of the Following Is an Example of a Time

question 143

Multiple Choice

Which one of the following is an example of a time series forecasting technique?

• A) trend- adjusted exponential smoothing
• B) Delphi method
• C) survey analysis
• D) market research

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Definitions:

Specialization and Exchange

This concept depicts how individuals, firms, and nations can increase their productivity through specialization in tasks they perform best and exchanging their outputs for other goods and services.

Modern Economies

Economic systems that are characterized by dynamic industrial, technological, and service sectors, often with complex financial and regulatory frameworks.

Specialization

Specialization refers to the process of focusing effort and resources on the production of a particular product or a limited scope of products, leading to increased efficiency.

Specialization and Trade

The economic strategy where individuals or nations focus on producing specific goods or services and exchange them, increasing efficiency and wealth.