Accuracy & Error in Financial Forecasting


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question 1 of 3

Which of the following is a case of a low financial forecast?

The company ends up selling 10,000 of its sunglasses.

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1. Which of the following will introduce errors into a financial forecast?

2. Which of the following is a high forecast if a company ends up selling 10,000 hats?

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About This Quiz & Worksheet

Using the quiz and worksheet, quickly assess your knowledge of accuracy and error in financial forecasting. Some topics that are on the quiz include a reason why errors occur in financial forecasting and the ideal financial forecast.

Quiz & Worksheet Goals

Test your knowledge of the following topics:

  • The ideal financial forecast
  • How companies are affected negatively by a low forecast
  • Something that will introduce errors into financial forecasts
  • A case of a low financial forecast
  • A high forecast

Skills Practiced

  • Reading comprehension - ensure that you draw the most important details from the lesson on accuracy in financial forecasting
  • Knowledge application - use your knowledge to answer questions about different types of forecasts
  • Interpreting information - verify that you can read information about the ideal financial forecast and interpret it correctly

Additional Learning

Review more about these forecasts by using the lesson named, Accuracy & Error in Financial Forecasting. Utilize this lesson to review other topics, including:

  • The meaning of financial forecast
  • Causes for inaccuracies in a financial forecast
  • Finding the happy medium in financial forecasts