Which of the following is NOT true about financial projections?
a. The greater the number of years, the more accurate they are.
b. Revenues are the most difficult line item to accurately forecast.
c. For the purpose of discounting future cash flows, interest rates are difficult to forecast.
d. Sensitivity analysis of key variables will help offset some of the inherent inaccuracy of your forecast.
e. In depth research and analysis will help to increase the accuracy of your forecast.
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