FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What does the text mean when it states that rather than to search for the perfect forecast one should learn to live with inaccurate forecasts?

What does the text mean when it states that rather than to search for the perfect forecast one should learn to live with inaccurate forecasts?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Perfect forecasts are virtually impossible And further analysts should not go to unreason... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Institutions Management A Risk Management Approach

Financial Institutions Management A Risk Management Approach

Authors: Anthony Saunders, Marcia Millon Cornett

9th edition

1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772

More Books

Students also viewed these Accounting questions

Question

★★★★★
What does an FI mean when it states that its mortgage pool prepayments are assumed to be 100 percent PSA equivalent?

Answered: 1 week ago

Question

★★★★★
a. What does the Court mean when it states "the burden shifts?" b. Can you recall an instance, covered in tort law, where the burden shifts from Plaintiff to Defendant? c. What is the non retaliatory...

Answered: 1 week ago

Question

★★★★★
What does it mean when one states that the operating and financing decisions are separate from each other? How do we view the financing decision in terms of the magnitude of effect?

Answered: 1 week ago

Question

★★★★★
Julia Robertson is a senior at Tech, and she's investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football...

Answered: 1 week ago

Question

★★★★★
Adelphi Corp. in its first year of operations has the following differences between its carrying amounts and the tax bases of its assets and liabilities at the end of 2017. It is estimated that the...

Answered: 1 week ago

Question

★★★★★
=+9-29 KK Customer profitability and ethics OBJECTIVE 10 Orion Ltd manufactures a product called the star, which it sells to merchandising firms such as International House of Stars (IHoS),...

Answered: 1 week ago

Question

★★★★★
=+35. E-trust. Online retailers want customers to trust their websites and want to alleviate any concerns potential customers may have about privacy and security. In a study investigating the factors...

Answered: 1 week ago

Question

★★★★★
Supreme Auto Parts produces components for motorcycle engines. It has plants in Amarillo, Texas, and Charlotte, North Carolina, and supply factories in Detroit and Atlanta. Production and cost data...

Answered: 1 week ago

Question

★★★★★
Residual Income Washington Company has two divisions: the Adams Division and the Jefferson Division. The following information pertains to last year's results Adams Division Jefferson Division Net...

Answered: 1 week ago

Question

★★★★★
The strength of an item is known to be normally distributed with an unknown mean and unknown variance \({ }^{2}\). A random sample of ten items is taken and their strength measured. The strengths...

Answered: 1 week ago

Question

★★★★★
If a residence is rented for 15 days or more and is used for personal purposes for not more than 14 days or 10 percent of the days rented, whichever is greater, no allocation of expenses is required...

Answered: 1 week ago

Question

★★★★★
A steel tank is to be positioned in an excavation, where a = 20 and P = 445 lb as shown in the figure. P1 30 Using trigonometry, determine the magnitude of the force P such that the resultant R of...

Answered: 1 week ago

Question

★★★★★
Describe one e-commerce business in the retail or services industry that is considered an industry leader. Develop a detailed list of the organization's offerings and how these offerings compare to...

Answered: 1 week ago

Question

★★★★★
TLUS (a) The truck shown in Figure 3 (a) is traveling at 90 km/h when the driver applies the brakes to come to stop. The deceleration of the truck is constant and the truck comes to a complete stop...

Answered: 1 week ago

Question

★★★★★
value; higher heating tion of a stoichiometric propane-air mixture assuming reactants at 298 K, Determine the adiabatic flame temperature for constant-pressure combus no dissociation of the products,...

Answered: 1 week ago

Question

★★★★★
Now or Never! specializes in "one day - one deal" selling. Every day they sell a product that isnot available the next day. If the item sells out, all the excess demand is lost and if items are...

Answered: 1 week ago

Question

★★★★★
How do you create a variable with the numeric value 5 ? a . float x = 5 ; b . X = 5 ; c . int x = 5 ; d . num x = 5

Answered: 1 week ago

Question

★★★★★
What can scientists learn by comparing the fossilized skeletons of extinct primates with the bones of modern species?

Answered: 1 week ago

Question

★★★★★
A total of 25 MHz of bandwidth is allocated to a particular FDD cellular telephone system that uses two 25 kHz simplex channels to provide full duplex voice and control channels. Assume each cell...

Answered: 1 week ago

Question

★★★★★
On June 14, 2015, a U.S. FI has a net exposure to Euros of -7,500,000. The exchange rate of U.S. dollars for Euros was 1.1045. It is now June 15, 2015. Calculate the FIs dollar loss/gain this shock...

Answered: 1 week ago

Question

★★★★★
Million Bank has a composite CAMELS rating of 2, a total risk-based capital ratio of 9.8 percent, a Tier I risk-based capital ratio of 6.8 percent, a CET1 capital ratio of 6.0 percent, and a Tier I...

Answered: 1 week ago

Question

★★★★★
What effect have the problems of emerging market economies in the late 1990s and 2000s had on the global expansion of traditional banking activities by U.S. banks?

Answered: 1 week ago

Question

★★★★★
A museum received gifts of two valuable paintings. It recorded the value of one as an asset and recognized the corresponding revenue. It gave no accounting recognition to the other. What might be a...

Answered: 1 week ago

Question

★★★★★
The following information was taken from the CAFRs of two cities of approximately the same size in the same state. 1. Compare the nancial condition of the two cities based on the following...

Answered: 1 week ago

Question

★★★★★
In each of the following scenarios, an organization receives a contribution in kind. Prepare journal entries, as necessary, to give them accounting recognition. For each, tell why you made an entry...

Answered: 1 week ago

Previous Question Next Question