Which of the Following Is Not a Step in the Forecasting

question 39

Multiple Choice

Which of the following is not a step in the forecasting process?

• A) Determine the use of the forecast.
• B) Eliminate any assumptions.
• C) Determine the time horizon.
• D) Select forecasting model.
• E) Validate and implement the results.

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Definitions:

Double-Entry Bookkeeping

An accounting method where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation balances.

Posting

The transfer of information from one record to another. This might be an automated process, depending on the electronic system in place.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Money owed by a company to its creditors for purchases of goods and services, recorded as a liability on the balance sheet.