Which Technique Is Used That Attempts to Match Current Conditions

question 9

Multiple Choice

Which technique is used that attempts to match current conditions with similar well established patterns from the past?

• A)persistence forecasting
• B)trend forecasting
• C)isotachs method
• D)analog method

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Definitions:

Adjusting Entry

A record entered at the conclusion of an accounting cycle to assign revenues and expenses to the appropriate period.

Discounted Note

A promissory note, or loan agreement, where the interest is deducted from the principal amount at the time the loan is issued.

Interest

The cost of borrowing money or the earnings from lending money, calculated as a percentage of the principal amount.

Adjustment Interest

Adjustment Interest involves the modification of interest income or expense to correct or update the recorded interest in financial records.