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Describe Ratio Analysis and Outline the Steps Involved in Conducting

question 35

Essay

Describe ratio analysis and outline the steps involved in conducting this forecasting method.What are the most common operational indices used by organizations?


Definitions:

Climate

A pattern of weather conditions in an area over a long period of time.

Sediment

Particles of organic or inorganic matter that accumulate in a solid layer on the bottom of a body of water or other liquid due to the process of sedimentation.

Naked Eye

Relating to the ability to see or observe an object or event unaided by any optical instruments, such as telescopes or microscopes.

Sandstone

A sedimentary rock consisting of sand-sized mineral particles or rock fragments compacted and cemented together.

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