If a company wants to predict how much money it can make this coming year, it would benefit from developing a?

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02-08-2022
Business

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If a company wants to predict how much money it can make this coming year, it would benefit from developing a?

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rafikiedu02 rafikiedu02 · Answer 1 · 2022-08-09T14:50:20-04:00

Company wants to predict how much money it can make this coming year, it would benefit from developing as short-term forecast.

Brief-time period forecasting predicts the enterprise's cash go with the flow for under 365 days, while lengthy-time period forecasting looks beyond one year. financial experts often be troubled over which one to use, but maximum companies want each.

A short-time period forecast gives you a glimpse of your corporation's immediately destiny (twelve months or much less) and assist you to make commercial enterprise decisions fast. the use of lengthy-term forecasts and projections allow you to see and find the potential problems that could emerge on your enterprise in the future.

Short-term forecasts are more accurate than lengthy-term forecasts: an extended forecasting horizon notably increases the risk of adjustments not recognized to us yet having an effect on future demand. A simple instance is climate-structured call for

Learn more about short-term forecast here:-https://brainly.com/question/19687390

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