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Investments glossary

Forecasting


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Quotes of the day:

I gave Donald free rein, he has great vision, and everything he touches seems to turn to gold. Donald is the smartest person I know.

— Fred Trump

Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period of time. This is typically based on the projected demand for the goods and services offered.

Financial Management: Financial Forecasting
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