Which of the following is FALSE, regarding forecasts?

Select one:

a. Which of the following is FALSE, regarding forecasts?

b. Financial ratios are most commonly used to create benchmark standards, and these ratios are then used to determine expected costs.

c. It is possible to create sensitivity analyses, which determine those financial attributes of a corporation that most affect corporate financial performance.

d. Forecasting is too unreliable to be used for capital budgeting.

e. Forecasting is necessary, even if assumptions about future performance are often wrong.