Factors That Should Be Taken into Consideration When Creating a Forecast

question 35

Multiple Choice

Factors that should be taken into consideration when creating a forecast include:

• A) History
• B) Competition
• C) Weather
• D) Seasonality
• E) All of the above

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Definitions:

Adjusting for Inflation

The process of altering financial figures to account for the change in the purchasing power of money over time.

Pension Plan

A retirement savings plan sponsored by an employer, providing a fixed payout to employees upon retirement.

Multiplier

A factor that quantifies the change in economic activity resulting from a change in spending, used in macroeconomic analysis to estimate the effect of investment, government spending, and other economic activities.

Career Average

Indicates the average achievements, earnings, or performance levels over the span of an individual's career.