Identify a Benefit of Applying Statistical Forecasting Methods

question 79

Multiple Choice

Identify a benefit of applying statistical forecasting methods.

• A) They are particularly useful in dynamic environments.
• B) Under the right conditions, they provide predictions that are much more precise than a human forecaster's subjective judgment.
• C) They are particularly useful in predicting important events that have no historical precedent.
• D) They are invariably better than the "best guesses" of experts.
• E) They can be used by organizations as a substitute for relying on the subjective judgments of experts.

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Definitions:

Financial Analysts

Professionals who evaluate investments, economic trends, and financial statements to help businesses and individuals make informed financial decisions.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a firm, as reported in the cash flow statement.

Accounts Receivable

Funds that customers owe to a business for products or services that have been provided but for which payment has not yet been received.

ACP

An abbreviation that can refer to various terms; without a specific context, it's too broad to define accurately.