The Forecasting Technique Which Attempts to Forecast Short-Run Changes and Makes

question 17

Multiple Choice

The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading,coincident or lagging indicators is known as:

• A) econometric technique
• B) time-series forecasting
• C) opinion polling
• D) barometric technique
• E) judgment forecasting

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Definitions:

Bad Debt Expense

A ledger showing the value of invoices that a business anticipates it will not be able to receive payment for.

Aging of Receivables

A method for managing accounts receivable by categorizing debts by their due ages to estimate the timing of collections.

Allowance for Doubtful Accounts

An estimation of the accounts receivable that a company does not expect to collect, serving as a contra account to accounts receivable.

Bad Debt Expense

The cost associated with accounts receivable that a company is not able to collect.