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Earn +20 ptsQ: What is the difference between linear programming and nonlinear programming?
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How does cost-volume-profit model accommodate nonlinear costs and revenues?
non-linear costs and revenues are ignored by the model
Benefits of linear programming?
Linear programming, especially in economics is vital for being able to make accurate estimates of goods output, costs and stock levels needed to carry out certain tasks. It is best to assume that the conditions do not change drastically.
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Advantages and limitations of linear programming as a managerial decision making model?
It takes out the personal angle in decision making.
How can I add a linear time trend in Stata?
To add a linear time trend in Stata, you can use the "regress" command with the time variable included as a predictor. This allows you to estimate the relationship between time and your outcome variable.
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