Forecasting Is Best Defined as

question 38

Multiple Choice

Forecasting is best defined as

• A) a financial projection of how an organization is likely to perform in the future
• B) an organization's revenue and expenditure plan
• C) activities involved in the purchasing of goods and the contracting for services
• D) a retrospective study which is then projected into the future with the assumption of consistency

---

Definitions:

Lower

In economic terms, it refers to a decrease in value, price, rate, or level of a given variable or entity.

Trade Deficit

An occurrence where the total value of a country's imports surpasses the value of its exports, creating a negative trade balance.

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant global economic influence.

Overall

Encompassing everything or in general; a term not specific to economics but often used to imply a holistic or comprehensive perspective.