Financial forecasting predicts future outcomes from "summary" of The Business Book by DK
Financial forecasting involves using historical data, trends, and other information to predict future financial outcomes for a business. By analyzing past performance and current market conditions, businesses can make educated guesses about what may happen in the future. This can help businesses plan for potential challenges and opportunities, as well as make informed decisions about investments, budgets, and other financial matters. In essence, financial forecasting is a way for businesses to anticipate what may lie ahead and prepare accordingly. One key aspect of financial forecasting is the use of financial statements, such as income statements, balance sheets, and cash flow statements. These documen...
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