The Forecasting Technique Which Involves the Use of the Least

question 26

Multiple Choice

The forecasting technique which involves the use of the least squares statistical method to examine trends,and takes into account seasonal and cyclical fluctuations,is known as

• A)compound growth rate projection.
• B)the Delphi method.
• C)time series projection.
• D)exponential smoothing projection.

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Definitions:

Now-versus-future Trade-off

The decision-making conflict between choosing immediate gratification or deferring rewards for potential future benefits.

Compounded Monthly

Relates to interest that is calculated on a loan or investment twelve times a year.

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, or the gain from lending money.

Loan

A sum of money borrowed from a lender that is expected to be paid back with interest.