Way of testing forecasts by changing one assumption

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Reference no: EM13828226

Problem:

1. Scenario analysis is a way of testing forecasts by changing one assumption at a time. 

True or False

2. Which of the following is commonly used in preparing pro forma statements: 

  1. Historical financial statements 
  2. Projected sales 
  3. Efficiency ratios 
  4. All of the above

Additional Information:

These two objective questions is from Finance and the first question is about scenario analysis for testing forecasts and second question is about the commonly employed pro forma statements.

Reference no: EM13828226

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