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Forecasting And Planning Forecasting, as Defined Here, are Explicit Procedures for Translating Information about the Environment And the Company's Proposed Strategy Into Statements about Future Results a Plan is Only as Good as the Work that Goes Into Making Sure it is Realistic And Achievable, And this is Where Forecasting Plays an Important Part in the Process. by Identifying a Small Number of Future ‘what If’ Scenarios, an Organizations Will be Able to Run a Sensitivity Analysis in Respect of the Projected Performance of Organization’s Business. One Can Evaluate What Impact Different Events
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