Question

Forecasting done is based on the ______________.

• A. Past figures
• B. Historical data
• C. Present (Existing) data
• D. Expected events
• E. All of the above

Answer 1

The correct option is E All of the above

Forecasting involves identification of past trend and projecting it into the future. It is based on the all the past figures, historical data ,existing data and expected events.