Which of the following statements is incorrect regarding sales forecasting? * O It may involve the use of elaborate planning models and regression analysis. O it may rely heavily on the intuition and opinions of managers. O Other budgets are rarely affected by errors in sales forecasts. O The usual starting point is last year's level of sales

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements is incorrect regarding sales forecasting?
O It may involve the use of elaborate planning models and regression analysis.
O It may rely heavily on the intuition and opinions of managers.
O Other budgets are rarely affected by errors in sales forecasts.
O The usual starting point is last year's level of sales
Transcribed Image Text:Which of the following statements is incorrect regarding sales forecasting? O It may involve the use of elaborate planning models and regression analysis. O It may rely heavily on the intuition and opinions of managers. O Other budgets are rarely affected by errors in sales forecasts. O The usual starting point is last year's level of sales
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