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AGA Exam CGFM Topic 1 Question 19 Discussion

Actual exam question for AGA's CGFM exam
Question #: 19
Topic #: 1
[All CGFM Questions]

If a CGFM wants to utilize data on population growth, housing and employment to estimate sales tax revenue, the CGFM should use

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Suggested Answer: D

by Mari at Oct 23, 2022, 05:43 PM

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Lindsey
2 months ago
I don't know, a good old-fashioned crystal ball might be more accurate than any of these options. At least it would be more entertaining!
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Kerry
23 days ago
C) a payback analysis.
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Nida
1 months ago
B) a cash flow analysis.
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Gerardo
1 months ago
A) a regression analysis.
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Pearlie
2 months ago
Payback analysis? What is this, a business loan application? We're talking about predicting tax revenue, not evaluating the return on an investment.
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Beatriz
9 days ago
B) a cash flow analysis.
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Beatriz
13 days ago
Exactly, regression analysis is the way to go for estimating sales tax revenue based on data like population growth and employment.
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Beatriz
16 days ago
A) a regression analysis.
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Christiane
1 months ago
B) a cash flow analysis.
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Christiane
2 months ago
Exactly, regression analysis is the way to go for estimating sales tax revenue based on population growth, housing, and employment data.
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Christiane
2 months ago
A) a regression analysis.
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Ena
2 months ago
Flow charting? Really? That's for mapping out processes, not estimating revenue. Clearly, A is the correct answer here.
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Darnell
2 months ago
I agree, flow charting is definitely not the right choice for estimating revenue.
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Leslee
2 months ago
A) a regression analysis.
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Kaycee
2 months ago
I was thinking a cash flow analysis, but that's more for looking at the actual inflows and outflows of cash. For this, we need to predict future revenue, so a regression makes sense.
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Vallie
2 months ago
I'm not sure about that. I think it could also be B) a cash flow analysis, as it involves tracking the flow of money in and out of the government.
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Shawnda
2 months ago
I agree with Selma. Regression analysis would be the best method to estimate sales tax revenue based on population growth, housing, and employment data.
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Kenneth
2 months ago
A regression analysis sounds like the way to go here. You'd be able to model the relationship between population, housing, and employment data to estimate the sales tax revenue.
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Gerry
25 days ago
D: Definitely, it's the most suitable approach for this type of data analysis.
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Holley
27 days ago
C: I think a regression analysis would provide more accurate results compared to other methods.
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Keshia
1 months ago
B: Yeah, it would help in understanding how those factors impact sales tax revenue.
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Daron
2 months ago
A: I agree, a regression analysis would be the best method to use in this scenario.
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Selma
3 months ago
I think the answer is A) a regression analysis.
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