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:

Credit Card

A credit card is a payment card issued by financial institutions that allows cardholders to borrow funds within an agreed limit for purchases or cash advances.

Journal Entry

A journal entry is a record in accounting that logs a transaction in the financial statements of a business.

Allowance Method

An accounting technique used to account for bad debts by estimating uncollectible accounts at the end of each period.

Allowance for Doubtful Accounts

A contra asset account used to estimate the portion of a company's accounts receivable that may not be collected.