Actions

Forecasting

Revision as of 15:57, 6 February 2021 by User (talk | contribs) (The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

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.[1]

  1. Definition - What Does Forecasting Mean? Investopedia