True or False

A forecast applies a model to translate a set of hypotheses about the performance of a financial entity and its behavior into numerical predictions. If modeling strictly based on business relationships, the dollar impact on one account is exactly equal to the dollar impact of the related account. A forecast using the ratio 'Days Sales Outstanding' (DSO) is applying a business relationship. When modeling accounting relationships, one or more accounts may drive the value of other accounts. - model of a company's financial statements must exactly replicate historical financial results. Models create a representation of an idea, process or system to explain a real world phenomena