Question

According to
Business forecasting include both,
assessing the future and making
provision for it.​

Answer 1

Forecasting provides a basis for planning. Forecasting includes both assessing the future and making provision for it. As a result, planning cannot be done without forecasting. Thus, forecasting is the projection of future events (or conditions) in the environment in which plans operate.

PLEASE MAKE ME THE BRAINLIST

Answer 2

Answer:

Forecasting provides a basis for planning. Forecasting includes both assessing the future and making provision for it. As a result, planning cannot be done without forecasting. Thus, forecasting is the projection of future events (or conditions) in the environment in which plans operate.

Explanation:

Then let's take a look at how the business forecasting process usually occurs.

• Identify the Problem. ...
• Collect Information. ...
• Perform a Preliminary Analysis. ...
• Choose the Forecasting Model. ...
• Data analysis. ...
• Verify Model Performance.