Use the Data Given Below to Answer the Following Questions)

question 28

Multiple Choice

Use the data given below to answer the following questions) .
The worldwide sales of cars from 1981-1990 are shown in the table below. Given: α = 0.2, γ = 0.05, and season length = 1. Hint: Use XLMiner) . $$\begin{array} { | c | c | } \hline \text { Year } & \begin{array} { c } \text { Units sold in } \\\text { thousands }\end{array} \\\hline 1 & 750 \\\hline 2 & 823 \\\hline 3 & 1034 \\\hline 4 & 1945 \\\hline 5 & 1556 \\\hline 6 & 1300 \\\hline 7 & 1346 \\\hline 8 & 1150 \\\hline 9 & 967 \\\hline 10 & 1200 \\\hline\end{array}$$
-If the given time series has no trend and no seasonality, the most appropriate forecasting model to determine the forecast of the time series is the model.

• A) single moving average
• B) Holt-Winters no-trend smoothing
• C) double exponential smoothing
• D) Holt-Winters additive

Understand the concept of marginal revenue and how to calculate it from a given demand schedule.

Recognize different types of monopolies and understand the reasons why certain monopolies, such as natural monopolies, are more economically efficient when undivided.

Identify and understand barriers to entry in a market, including government franchises, patents, economies of scale, and the ownership of a scarce resource.

Comprehend how network externalities impact market concentration and efficiency.

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Definitions:

Selection

The process of choosing between two or more paths in programming based on conditions, often implemented with if-else and switch statements.

Iteration

The process of repeating a set of instructions or steps a specific number of times or until a certain condition is met in programming.

Invocation

The act of calling or executing a function or a method in programming.

Invocation Structure

The specific arrangement and syntax used in programming languages to call or invoke functions, methods, or procedures.