What is forecasting, and how is it related to the planningfunction?

Q: Could opening up the economy result in a worst wave and how can policies impact this?

A: Globalization is described as the spread of technology, products, jobs, and information across…

Q: Show the change, if any, from SRAS to SRAS1 with an arrow indicating direction of change and explain…

A: Economists and policymakers generally use a graphical depiction of the market condition because it…

Q: What would be the value of APC if Consumption is $3300 and income is $10,000

A: The data presented in the question above is:- Consumption = $3300  Income = $10,000 We need to…

Q: What is a qualitative forecasting model, and when is its use appropriate?

A: Forecasting refers to making predictions based on past and present data and analyzing the trends.…

Q: and Planning -   Which of the following is an example of a macro forecast intelligence? Change in…

A: Economics as a subject is used to study and plan the allocation of scarce resources among humans.…

Q: The average propensity to save is 0.39 Calculate saving if income is $650

A: We have:- APS = 0.39 Income = $650

Q: snip

A: Aggregate planning: It is the way toward creating, developing, and keeping a primer, rough timetable…

Q: O Discuss the Neoclassical theory of distribution and show its strengths and weakness.

A: In neoclassical theory, demand and supply simultaneously determine the quantity and factor prices.

Q: Public policy decisions must account for four kinds of uncertainty. Briefly describe at least three…

A: Introduction:- Indeed, even the most uncertain business conditions contain a great deal of…

Q: The table gives disposable income (DI), consumption (C), and savings (S) data for the country of…

A: Disposable income is the income available with the household sector for the consumption purpose. The…

Q: What does potential GDP mean and what does it mean in terms of neoclassical analysis? Please be sure…

A: GDP is the total market value of the finished goods and services produced in a nation over a…

Q: Explain sustainablity with an examples.

A: Sustainability means people using resources in more conscious manner.

Q: Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according…

A: The sales equation is given as t is the time and in 2000, the value of t is 0.

Q: Write an assessment report on how the COVID-19 pandemic has affected the South African economy and…

A: Evaluation report: impact of the COVID-19 Pandemic at the South African economy and GDP1.…

Q: If the multiplier is 7 and the value of total deposit is 1000  Find the value of initial deposit

A: The information being given to us is:- Multiplier = 7  Total deposit = $1000 We have to calculate…

Q: Covid-19 backed by Lockdown generated many economic anomalies. The weekly change in the price of the…

A: Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts for…

Q: steps to correct the disequilibrium in the bop

A: Firstly the BOP stands for balance of payments. A plenty of things can be done to solve the problem…

Q: Define the term "gini index" in the context of economics.

A: A population's income distribution is measured by the Gini index, often known as the Gini…

Q: Calculate the value of Average propensity to save when the value of savings is $300 and the value of…

A: # The formula for the average propensity to save is given as:- = Savings / Income Saving and…

Q: Macroeconomic uncertainity and investment, discuss.

A: Macroeconomic uncertainty is defined as the dependent time-varying standard deviation of a variable…

Q: As an Economist, tell us briefly how you think the COVID 19 pandemic has also affected the economy…

A: By the beginning of 2020, the COVID-19 pandemic and the measures taken to protect public health have…

Q: what is your prediction about future softwood lumber prices and subsequent home prices for next…

A: Currently, the price of lumber is high and increasing due to increasing panic by western wildfires…

Q: Will the shift of SRAS to the right tend to make theequilibriumquantityandpricelevelhigherorlower?…

A: The short-run aggregate supply curve shows the total amount of goods and services supplied in an…

Q: What are the arguments against austerity measures during a depression or severe recession?

A: Austerity is concerned with the economic related policies, which aims at decreasing the budget…

Q: Calculate the value of Average propensity to save when the savings is $330 and the income is $1000

A: # The average value of the Savings done out of the income is referred to be as the average…

Q: Explain the difference between quantitative and qualitative forecasts

A: Qualitative forecasts are subjective in nature as they depend on the educated guesses of the…

Q: What are the implications of imbalances between injections and leakages?

A: In an economy, injections refer to the total amount of spending that enters the economy, while…

Q: How can the COVID-19 pandemic influence the aggregate demand in a country?

A: The pandemic has caused lockdowns and travel restrictions all over the globe which led to the…

Q: In ES, smaller values of a will produce forecasts which react more quickly to changes in the demand…

A: Exponential smoothing is a period series forecasting strategy for univariate data that can be…

Q: In a finance class, the purchase of stock in a company would tend to be labelled “investment,” but…

A: Investment goods in macroeconomics can be understood as goods that are used either to produce…

Q: The average propensity to save is 0.39 Calculate saving if income is $650

A: Average propensity to save is the ratio of saving and income level . And we know that income is used…

Q: According to the Random-Walk Hypothesis of Consumption under Uncertainty, individuals don’t need to…

A: There are different hypothesis used to explain the function of economic variables that helps to the…

Q: Small businesses are facing increasing challenges as the fourth wave of the pandemic looms. New…

A: The current state of the South African corporate landscape, as well as a company plan for mitigating…

Q: Explain the relationship that economic variables can have with businesscycles. These have both…

A: Business cycles are significantly influenced by economic factors. The variations in economic…

Q: forecasts? 7. Contrast the use of MAD and MSE in evaluating forecasts. 8. What advantages as a…

A: 7.  Introduction MAD (Mean Absolute Deviation) is a measure of variability which measures how far…

Q: How can expectations about the future change what consumer buy now?

A: In economics, the law of demand establishes the negative correlation between the price and the…