General Plumbing Supply is considering a forecasting method for budgeting purposes. Which answer choice is incorrect?

A) Management is concerned that economic conditions may have a big impact on sales. Regression analysis is used to predict an outcome based on a given set of conditions

B) Learning curve analysis involves reviewing possible outcomes, and how likely they are to occur. General has a staff of experienced managers who can provide useful insights on outcomes.

C) If General needs to analyze how long it will take to produce products as the number of units increases, the firm should use learning curve analysis

D) Expected value involves reviewing possible outcomes, and how likely they are to occur. This tool helps managers make decisions about allocating resources