Question

what do you mean by forecasting and explain about its uses and limitations​

Answer 1

Answer:

⭐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.

Explanation:

please follow and brainliest

Answer 2

⭐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. A qualitative forecast uses information from sales staff and other sources

⭐limitation--

Qualitative forecasting often gets information from different departments of a business, such as the sales force, and even from the product's customers. Employees who do not cooperate across departments or employees with strong opinions can skew the results