SCENARIO 7-5 According to an Article,19% of the Entire Population in a in a Developing

question 92

Short Answer

SCENARIO 7-5
According to an article,19% of the entire population in a developing country has high-speed access to the Internet.Random samples of size 200 are selected from the country's population.
-Referring to Scenario 7-5,among all the random samples of size 200,90 % will have more than _____ % who have high-speed access to the Internet.

Understand the concept of bias in forecasting and its implications.

Identify and calculate mean absolute deviation (MAD) as a measure of forecast error.

Know how to develop a forecast using simple exponential smoothing.

Understand and apply various forecasting models: moving average, exponential smoothing, and Holt's method.

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Definitions:

Governmental Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, and taxes.

Discretionary Policy

Economic policies based on judgment decisions by policymakers, as opposed to rules-based policies, to manage the economy.

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.

Economy's Potential

The economy's potential refers to its maximum productive capacity when resources are fully employed, indicating a state where unemployment is at the natural rate and there is no demand-pull inflation.