The Technique That Addresses the Problem of Assigning Inputs to Specific

question 83

Multiple Choice

The technique that addresses the problem of assigning inputs to specific industries is

• A)known as laissez faire.
• B)input-output analysis.
• C)cost-benefit analysis.
• D)a production possibilities frontier.

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Definitions:

Sales Forecast

The process of estimating future sales. Accurate sales forecasts enable companies to make informed business decisions and predict short-term and long-term performance.

Holt-Winters Additive Model

A forecasting technique that captures seasonality, trend, and level in time series data, adding them together for prediction.

Exponential Smoothing

It is a rule of thumb technique for smoothing time series data using the exponential window function.

Additive Model

A statistical model where the effect of variables is linear and additive, assuming each variable contributes a separate and additive amount to the final outcome.