Discuss the strategic importance of forecasting

Question Details: #705
Discuss the strategic importance of forecasting

Discuss the strategic importance of forecasting. What strategic decisions do organizations need to make in terms of forecasting? What are some examples?

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Solution Details: #719
Discuss the strategic importance of forecasting

Forecasting is a major tool for planning. Since the future is uncertain with many parameters of importance unknown, we need to find some estimate for these parameters. Forecasting helps to arrive at these estimate...

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