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BUSI 620 Critical Thinking 3 Salvatore Chapter 6|LIBERTY UNIVERSITY
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BUSI 620 Critical Thinking 3 Salvatore Chapter 6|LIBERTY UNIVERSITY
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Salvatore Chapter 6
Discussion Question 2(a) and (b):
a)
Qualitative forecasting is an estimation methodology that uses expert judgement, rather than numerical analysis (Accounting Tools, 2018). This forecasting is used when quantitative forecasting is not available or in addition to quantitative forecast. The most important forms of qualitative forecasting is surveys and opinion polls a...
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Marginal costs refers to the change in total costs or in total variable costs per unit change in output whereas, incremental costs refers to the change in...