smoothing method with .4 alpha and 5 weeks data (Figure 3) and .2 alpha with 3 weeks data (Figure 4). The mean absolute deviation, mean absolute percent error and tracking signal were calculated based off of the total of all segments. Simple Moving Average Looking at Figure 1 and Figure 2 where a moving average forecast was used, the 3 and 5 week data were very similar in the mean absolute deviation, and percent error. The tracking signal is where they were the most different. Since the cumulative
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Statistics in the Workplace Statistics is used every day in the workplace, and most of us do not even realize we are using statistics yet it aids every company in making improvements. Working in health care and having minimal knowledge of statistics it is easier to see statistics assists in virtually every area for showing areas that need or have improved. Descriptive and Inferential statistics are two types utilized in the workplace and statistics uses four different levels of measurement. The
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agree because those who go through struggles usually learn from it and their wisdom expands. This is an accurate assessment and is evident in the novel “Hamlet” by Shakespeare. For the purpose, of revenge we see Hamlet the protagonist who takes advantage of his insanity, to get revenge on his father’s murderer. With this intention, Hamlet encounters many obstacles throughout the play. On the other hand, Ophelia is a victim that has been used by her father for reputation. Until, Laertes appear we
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|Description |Advantages of this Method |Disadvantages of this Method | |Relative dating |The relative dating method is |Advantages of relative dating is|The biggest disadvantage of the | | |the arrangement of numerous |vitally important for helping |relative dating method is that | | |artifacts or events in a |determine the absolute age of an|it does not provide an age
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Absolute Advantage and Comparative Advantage According to the classic model of international trade introduced by David Ricardo (19th-century English economist) to explain the pattern and the gains from trade in terms of comparative advantage, it assumes a perfect competition and a single factor of production, labor, with constant requirements of labor per unit of output that differ across countries. The basis for trade in the Ricardian model is the differences in technology between countries
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What are the differences between absolute advantage and comparative advantage? Answer Study Island: A country has comparative advantage if it can produce a good for less cost than any other nation. Absolute advantage and comparative advantage are two basic concepts to international trade. Under absolute advantage, one country can produce more output per unit of productive input than another. With comparative advantage, if one country has an absolute (dis)advantage in every type of output, the
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commoners. Louis relied on the collaboration of his nobles in order to extend his power. He insisted on religious unity in order to make the state more secure, he used Cardinal Richelieu, a French clergyman and political leader to keep Louis’ monarchy absolute, and breaking the political power of the Huguenots, French Protestants. The commoners wouldn’t contribute in council or the spread of the religion, but paid heavy taxes, in order to fund for the monarch’s army and labor, aided in Louis XIV reign
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ensure a positive trade balance.Critics: possible only for short term; assumes static world economy. Absolute advantage (Adam Smith) Countries benefit from exporting what they make cheaper than anyone else But: nations without absolute advantage do not gain from trade. Comparative advantage (David Ricardo) Nations can gain from specialization, even if they lack an absolute advantage 2: Absolute advantage: Countries benefit from exporting what they make cheaper than anyone else But: nations
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TRADE THEORIES: International trade theories are simply different theories to explain international trade. Trade is the concept of exchanging goods and services between two people or entities. International trade is then the concept of this exchange between people or entities in two different countries. People or entities trade because they believe that they benefit from the exchange. They may need or want the goods or services. While at the surface, this many sound very simple, there is a great
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Definition of comparative advantage: The ability of a firm or individual to produce goods and/or services at a lower opportunity cost than other firms or individuals. A comparative advantage gives a company the ability to sell goods and services at a lower price than its competitors and realize stronger sales margins. Having a comparative advantage - or disadvantage - can shape a company's entire focus. For example, if a cruise company found that it had a comparative advantage over a similar company
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