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Forecasting helps businesses plan for the future from "summary" of Financial Intelligence, Revised Edition by Karen Berman,Joe Knight
Forecasting is an essential tool that businesses use to anticipate what might happen in the future. It helps companies prepare for potential challenges and opportunities by projecting their financial performance based on past data and market trends. By forecasting, businesses can make informed decisions about investments, budgeting, and resource allocation. One of the key benefits of forecasting is that it allows businesses to plan ahead and set realistic goals. By predicting future revenues, expenses, and cash flow, companies can create budgets that align with their strategic objectives. This enables them to allocate resources efficiently and prioritize initiatives that will drive growth and profi...
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