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Task 2. Forecasting is the key for the success of any business firm. Without proper forecasting, businesses fail to materialize their budgets and financial objectives.

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Task 2. Forecasting is the key for the success of any business firm. Without proper forecasting, businesses fail to materialize their budgets and financial objectives. With to the mentioned statement, define financial forecasting and compare between between qualitative and quantitative forecasting methods with the help of suitable examples / types. (9 marks)

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