An accountant accepts a new job as a forecasting analyst at Rhett Company and is exploring different forecasting
techniques. Which of the following is most likely true about forecasting models?
Question 6 options:
The analyst should always consider factors such as cyclicality and seasonality when analyzing the model’s results.
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Forecasting models are often based on historical data, which can include moving averages and exponential smoothing techniques.
Forecasting models with sensitivity analysis features allow the user to evaluate multiple scenarios by changing input variables.
All of the above statements are true.