Question

10. What do you mean by forecasting? Explain about its uses and limitations
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Answer 1

Explanation:

Hyy.. ⭐Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. ⭐uses and limitations-- The time frame for a sales forecast varies from a week or month to a year or more. The two major types of forecasts are qualitative and quantitative follow me ✌️

Answer 2

Answer:

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.