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Nov 02, 2024
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MB 536 - Business Forecasting & Planning
Credit(s): 3
Business forecasting is an estimate or prediction of future developments in business, such as sales, expenditures, and profits. Given the swings in economic activity and the drastic effects these fluctuations can have on profit margins, it is not surprising that business forecasting has emerged as one of the most important aspects of planning. Forecasting has become an invaluable tool for managers and business people to anticipate economic trends and plan accordingly. Good business forecasts can help business owners and managers plan and adapt to a changing economy.
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