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Part-B A financial analyst writes a report on ALDI based on the research, assigns the following probabilities to next year's forecasted sales: Scenario Probability Sales

Part-B A financial analyst writes a report on ALDI based on the research, assigns the following probabilities to next year's forecasted sales:

Scenario

Probability

Sales ($ Millions)

1

0.1

16

2

0.3

15

3

0.3

14

4

0.3

13

Question

Calculate volatility of the market based on the analysis given above.

Explain how a company can review the forecast and made it more accurate.

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