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Instruction 14-19
The number of train passengers arriving in Adelaide on the Overland on six successive Mondays were: 60, 72, 96, 84, 36 and 48.
-Referring to Instruction 14-14,the Holt-Winters method for forecasting with smoothing constant of 0.2 for both level and trend will be used to smooth the wine sales.The smoothed values of the level and trend for 2005 are _______ and_______,respectively.
Neoclassical Economics
A mainstream approach to economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.
Behavioral Economics
A field of economics that analyzes the effects of psychological, cognitive, emotional, cultural, and social factors on economic decisions.
Impulse Buying
A spontaneous, unplanned decision to buy a product or service, typically made right before a purchase.
Neoclassical Theory
An economic theory that focuses on how the perception of utility and costs influences supply and demand in markets, leading to an equilibrium.
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