Forecasting Methods That Assume That the Demand Forecast Is Highly

question 20

Multiple Choice

Forecasting methods that assume that the demand forecast is highly correlated with certain factors in the environment (e.g. ,the state of the economy,interest rates,etc. ) to make a forecast are known as

• A)qualitative forecasting methods.
• B)time series forecasting methods.
• C)causal forecasting methods.
• D)simulation forecasting methods.

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Definitions:

Credit

An accounting entry on the right side of an account ledger, recording increases in liabilities, equity, and revenue, or decreases in assets and expenses.

Recording Process

The act of documenting financial transactions systematically in the books of accounts of a business.

Journal

An elaborate log that captures every financial transaction of an enterprise, initially entered prior to its transfer to the accounts within the general ledger.

Ledger

A comprehensive collection of accounts that records all financial transactions of a business, serving as the principal book for accounting.