The method for predicting how variables will change in the future is called
A) Budgeting.
B) Scenario development.
C) Forecasting.
D) Benchmarking.
E) Environmental scanning.

Question

Quizplus · Accepted Answer

Forecasting is used to predict exactly how some variable or variables will change in the future. For example, in making capital investments, firms may try to forecast how interest rates will change.

The Method for Predicting How Variables Will Change in the Future