Accounting



Item Name

Define income-elasticity of demand and distinguish its various types. How does income elasticity differ from price - elasticity of demand?

Define Price Elasticity of demand.

Define Statistical Methods

Define the price elasticity of demand. What are the various degrees of price Elasticity? Illustrate graphically.

Explain briefly statistical methods of forecasting. (a) Moving average method (b) Leading indicators method (c) Regression method (d) Trend projection method

Explain briefly (a) Sales force opinion method (b) Least square method (c) End lise method (d) Experts opinion method.

Explain importance of Demand Forecasting.

Explain the concept of income elasticity of demand and also its role in business - discuss.

Explain the various factors that influence the demand for a computer.

Illustrate the difference between change in demand and shift in demand.