--%>
Assignment Help - homework help

Explain primary assumption behind approach to forecasting

Explain primary assumption behind the experience approach to forecasting?
The experience approach to forecasting is depending on the supposition that things will happen a certain way in the future since they happened that way in the past. For example, if it has always taken you fifteen minutes to drive to the grocery store, then you will maybe assume that it will take you about fifteen minutes the next time you drive to the store. Likewise, financial managers frequently assume sales, expenses, or earnings will grow at certain rates in the future since they grew at that rate in the past.

   Related Questions in Finance Basics

  • Q : Define COBCP COBCP : Capital outlay

    COBCP: Capital outlay budgets are zero-based each and every year, thus, the department should submit a written capital outlay budget modify proposal for each fresh project or following phase of an existing project for which the department needs fundin

    		•
  • Q : Describe the notion of political

    Normal 0 false false

  • Q : Influence of a quota Normal 0 false

    Normal 0 false false

  • Q : Define Legislative Counsel Digest

    Legislative Counsel Digest: The summary of what a legislative measure does contrasting the existing law and the proposed change. This summary emerges on the first page of the bill.

    		•
  • Q : Describe matching principle of working

    Describe matching principle of working capital financing? Explain the benefits of following this principle? The matching principle is while short-term financing is utilized for temporary current assets while long-term financing is utilized for

    		•
  • Q : Describe factors which common

    Describe some factors which common stockholders consider while deciding how much, if any, cash dividends they want from the corporation wherein they have invested? Common stockholders would assume the company's investment opportunity, their requ

    		•
  • Q : Negative consequences of company

    Explain negative consequences of a company holding too much cash? A company holding too much cash would be giving up the chance to invest more in income generating assets

    		•
  • Q : What is Indirect Costs Indirect Costs :

    Indirect Costs: The costs which by their nature can’t be readily related with a particular organization unit or program. Similar to general administrative expenses, indirect costs are dispersed to the organizational unit(s) or programs that bene

    		•
  • Q : State Section 30.00 Section 30.00 : It

    Section 30.00: It is a Control Section of Budget Act which amends Government Code Section 13340 to tha sunset continuous appropriations.

    		•
  • Q : Impotence of distinction Normal 0 false

    Normal 0 false false