1 scenario analysis is a way of testing forecasts by

Question

Problem:

1. Scenario analysis is a way of testing forecasts by changing one assumption at a time. 

True or False

2. Which of the following is commonly used in preparing pro forma statements: 

1. Historical financial statements 
2. Projected sales 
3. Efficiency ratios 
4. All of the above

Additional Information:

These two objective questions is from Finance and the first question is about scenario analysis for testing forecasts and second question is about the commonly employed pro forma statements.