Examlex
If the February demand for a product is 5,000 units and the seasonal index for February is 0.75, what is the deseasonalized February demand?
Self-Serving Bias
A cognitive bias that leads individuals to attribute their successes to internal factors and their failures to external factors, enhancing their self-esteem.
Recognition Heuristic
A decision-making process where familiarity with a subject or thing makes it more likely to be chosen over unfamiliar options.
Behavioral Economics
A field of economic research that integrates psychological insights into human behavior to explain economic decision-making.
Negative Emotional Associations
Refers to the unfavorable feelings or emotions that are linked to a particular concept, object, or situation due to past experiences or perceptions.
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