Qualitative Forecasting Uses Mathematics to Forecast Future Events Based on Historical

question 90

True/False

Qualitative forecasting uses mathematics to forecast future events based on historical data.

---

Definitions:

Administrative Expenses

Costs related to the general administration of a business, such as salaries of office staff, rent, and utilities.

Cash Basis

A method in accounting where revenues and expenses are recorded only when cash is received or paid out, respectively.

Statement of Cash Flows

A financial statement that summarizes a company's cash inflows and outflows over a specific period.

Sales Adjusted

A correction made to sales figures to account for various factors such as returns, allowances, or discounts.