What Is Prediction

question 118

Multiple Choice

What is prediction?

• A) A statement about what will happen or might happen in the future such as future sales or employee turnover
• B) A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste
• C) Forecasts based on time-series information
• D) A statistical process for estimating the relationships among variables

---

Definitions:

Investments

The balance sheet caption used to report long-term investments in stocks not intended as a source of cash in the normal operations of the business.

Cash

Money in the form of currency or coins, readily available for transactions.

Prepaid Expenses

Expenses paid in advance for a benefit yet to be received, recorded as assets on the balance sheet.

Goods Purchased

Transactions involving the acquisition of physical products or materials for business use or resale.