Which One of the Following Statements About Forecasting Is FALSE

question 120

Multiple Choice

Which one of the following statements about forecasting is FALSE?

• A)Causal methods of forecasting use historical data on independent variables (promotional campaigns,competitors' actions,etc. )to predict demand.
• B)Three general types of forecasting techniques are used for demand forecasting: time-series analysis,causal methods,and judgment methods.
• C)Time series express the relationship between the factor to be forecast and related factors such as promotional campaigns,economic conditions,and competitor actions.
• D)A time series is a list of repeated observations of a phenomenon,such as demand,arranged in the order in which they actually occurred.

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Definitions:

Public Corporation

A company whose shares are traded freely on a stock exchange, owned by public investors, and subject to specific disclosure and regulatory requirements.

Transfer Agents

Organizations or individuals responsible for maintaining records of securities owners and managing the transfer of stock or bonds between parties.

Retained Earnings

Definition: The portion of a business's profits not distributed as dividends to shareholders but instead retained for reinvestment or to pay off debt.

Cash Dividend

A payment of earnings declared by a company's board of directors, distributed among shareholders in the form of cash.