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Question

Which of these is not a method of economic forecasting ________________.

A
Market/Economic Survey
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B
Experts opinion
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C
Statistical method
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D
None
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Solution

The correct option is B None
Economic forecasting refers to predicting the imputed values of various economic variables like demand, supply etc. to develop premises for the economic plans for smooth conduct of production in the economy according to the plans that aims at achieving growth and development of the economy. Market survey, expert opinion and statistical method are the tools used for economic forecasting.

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