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  • Authors: Patel, Kirit

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  1. Economies of Scale**

    Authors: Patel, Kirit; Ranganathan, C;

    Reference No: ECO0209TEC Pages: 7 Published on: 1, January, 1976

    Abstract: The note describes various concepts of economies of scale, sources of economies and diseconomies of scale, and discusses various methods of measuring economies of scale on the basis of empirical data, viz. survivor technique, long run cost curves method, and engineering method. The methods involve the estimation of the relationship ... More

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  2. National Economic Forecasting **

    Authors: Patel, Kirit; Ranganathan, C;

    Reference No: ECO0219 Pages: 7 Published on: 1, January, 1975

    Abstract: The study aims at describing the general method of national forecasting followed by official agencies of developed countries. It discusses the procedures of forecasting through two methods, viz. successive approximation method and the method of simultaneous solution of equations in connection with econometric models. Finally, it compares the approaches followed ... More

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  3. Marxian Analysis of the Future of Capitalism**

    Authors: Patel, Kirit; Dholakia, Bakul H;

    Reference No: ECO0224TEC Pages: 7 Published on: 1, January, 1976

    Abstract: The note describes how Marx related simple economic concepts to the analysis of the process of development under capitalism. He pointed out that the capitalist system would develop certain internal contradictions, ultimately resulting in the collapse of the system itself, and giving way to socialism. The note includes explanation of ... More

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  4. Measures of Forecast Accuracy

    Authors: Patel, Kirit;

    Reference No: ECO0230TEC Pages: 6 Published on: 1, January, 1976

    Abstract: Discusses the two types of methods for measuring the accuracy of forecasts: graphic methods and quantitative methods. Graphic methods include the control chart and prediction realization diagram; quantitative methods cover mean square error, decomposition fit, loss functions and the inequality coefficient. The note illustrates the use of all the methods. ... More

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