There Are Two Important Keys to Improving the Credibility and Accuracy

question 14

True/False

There are two important keys to improving the credibility and accuracy of forecasts of sales and market potential.The first is to make explicit the assumptions on which the forecast is based.The second key to effective forecasting is to use multiple methods.
With the second key when forecasts obtained by different methods converge near a common figure, greater confidence can be placed in that figure

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Definitions:

Fiduciary Fund

A fund used to account for assets held by a government in a trustee or agency capacity for individuals, private organizations, or other governments.

Special Revenue Fund

A fund used by a government to account for revenue from specific sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects.

General Fund

The general fund is the primary operating fund of a government, supporting general activities and services such as public safety, parks, and general administration.

Agency Fund

A fiduciary account used by governmental entities to manage funds collected on behalf of others, such as taxes or grants.