Forecasting
Forecasting
Glossary of business
Definition of forecasting
Forecasting is an attempt to predict the future performance of a business. The business may be keen to forecast their sales, their cash flow or perhaps their costs. They may also be interested in forecasting the level of demand in the economy and therefore in their market. There are various statistical techniques that can help them in this process.
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Terminology about business
Job world
Definition and meaning of forecasting
Meaning of forecasting
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