A Direct Forecast Involves Estimating the Value to Be Forecast

Multiple Choice

A direct forecast involves estimating the value to be forecast and

A) making decisions without any intervening steps.
B) halving the highest values and doubling the lowest values to determine an acceptable forecast range.
C) selecting the alternative that holds the greatest consensus within the management team.
D) then conducting a sensitivity analysis to determine price elasticity.
E) selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts are incorrect.