Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

paraphrase Businesses use forecasts and projections to inform managerial decisions and capital allocations. Analysts use forecasts to estimate corporate earnings for subsequent periods. Economists may

paraphrase Businesses use forecasts and projections to inform managerial decisions and capital allocations. Analysts use forecasts to estimate corporate earnings for subsequent periods. Economists may make more macro-level forecasts as well, such as predicting GDP growth or changes to employment. However, since we cannot definitively know the future, and since forecasts often rely on historical data, their accuracy will always come with some room for errorand, in some cases, may end up being way off

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Hospitality Management Accounting

Authors: Martin G Jagels, Catherine E Ralston

9th Edition

0471687898, 9780471687894

More Books

Students also viewed these General Management questions

Question

Disordered eating in dance professionals

Answered: 1 week ago