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Financial Forecasting MCQs

Why might someone forecast future years as one annual number?

The forecaster is lazy.

It is the best method for forecasting future years.

It saves management time and energy.

Because it is difficult to predict what will happen, applying a growth percentage to the year is the most reasonable assumption.

Answer

Correct Answer: Because it is difficult to predict what will happen, applying a growth percentage to the year is the most reasonable assumption.

Explanation:

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