A Direct Forecast Involves Estimating the Value to Be Forecast

question 23

Multiple Choice

A direct forecast involves estimating the value to be forecast and

• A) making decisions without any intervening steps.
• B) halving the highest values and doubling the lowest values to determine an acceptable forecast range.
• C) selecting the alternative that holds the greatest consensus within the management team.
• D) then conducting a sensitivity analysis to determine price elasticity.
• E) selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts are incorrect.

---

Definitions:

Correctly Punctuated

Marked by the proper use of punctuation marks.

Admitted His Error

The act of acknowledging a mistake or fault that one has made.

Company Set Up

The process of establishing a new business enterprise, including legal, financial, and organizational aspects.

Correctly Punctuated

Correctly punctuated refers to text that properly uses punctuation marks like commas, periods, and question marks according to standard grammar rules.