What Type of Forecasting Is Based Entirely on the Past

question 112

Multiple Choice

What type of forecasting is based entirely on the past and present values of a variable?

• A) Economic forecasting
• B) Time-series forecasting
• C) Casual forecasting
• D) Qualitative forecasting

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, often used as a measure of the company's worth.

Equipment

Tangible property used in the operation of a business that is not intended for sale, including machinery, tools, and vehicles.

Consolidated Balance

A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one report.

Partial Equity Method

An accounting method used when an investing entity has significant influence but not full control over the investee, involving recording investments at cost and adjusting for the investor’s share of periodic net income or loss of the investee.