Which of the Following Is Not a Step in the Forecasting

question 31

Multiple Choice

Which of the following is not a step in the forecasting process?

• A)Determine the purpose of the purpose.
• B)Eliminate any assumptions and rely solely on verifiable factual data.
• C)Establish a forecasting horizon.
• D)Select a forecasting technique.
• E)Monitor the forecast.

---

Definitions:

Dissaving

The action of spending more money than received as income, typically by drawing down savings or borrowing.

45-Degree Line

In economics, a graphical representation used in Keynesian cross diagrams, where the line represents points where aggregate expenditure equals national income.

APC

The average propensity to consume, which is the ratio of consumption spending to disposable income.

Dissaving

Occurs when individuals withdraw funds from their savings, often due to expenditures exceeding income during a specific period.