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

Question

Quizplus · Accepted Answer

Other budgets may be significantly impacted by errors in sales forecasts, as sales forecasts play a crucial role in determining production budgets, marketing budgets, and overall financial planning.

Which of the Following Statements Is Falseregarding Sales Forecasting