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What is Business Forecasting: Definition & Steps about?
Business forecasting involves analyzing past and present economic conditions to predict future business trends. It is done through a process that includes developing a basis by investigating the economy, industry, and products. Estimates are then made for future business operations based on the collected data. Forecasts are regulated by comparing them to actual results to improve the forecasting process. Data can come from primary sources like surveys or secondary sources like government reports. While fore
- Author
- Rounaq Dhar
- Language
- EN