Qualitative Forecasting Methods

question 102

Multiple Choice

Qualitative forecasting methods

• A) are made objectively by the forecaster
• B) are made subjectively by the forecaster
• C) are made using existing data sources
• D) are based on mathematical models
• E) are only used in parallel with quantitative models

---

Definitions:

Accounting Communication Process

The system by which financial information is identified, measured, recorded, and communicated to interested parties.

External Auditors

Independent third-party professionals who examine a company's financial statements to ensure accuracy and compliance with accounting standards.

Company's Management

Individuals responsible for overseeing the operations and making decisions within a corporation.

Retained Earnings

Retained earnings are the portion of a company's profits that are kept or retained rather than being paid out as dividends to shareholders, often used for reinvestment in the business, debt reduction, or to bolster the balance sheet.