Business forecasting is critical for business whenever the future is uncertain. The more they can focus on the probable outcome, the more sucess the organization has as it moves forward
By having forecasts, accurate or inaccurate, the actions of businesses are influenced by a factor that cannot be included as a variable. Forecasting allows businesses set reasonable and measurable goals based on current and historical data. Having accurate data and statistics to analyze helps businesses to decide what amount of change, growth or improvement will be determined as a success.
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Answer:
Business forecasting is critical for business whenever the future is uncertain. The more they can focus on the probable outcome, the more sucess the organization has as it moves forward
Explanation:
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Answer:
By having forecasts, accurate or inaccurate, the actions of businesses are influenced by a factor that cannot be included as a variable. Forecasting allows businesses set reasonable and measurable goals based on current and historical data. Having accurate data and statistics to analyze helps businesses to decide what amount of change, growth or improvement will be determined as a success.
Explanation:
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