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Which of the following options is true in regards to financial forecasts? 1)Forecasts are calculated based on historical data figures so they are extremely accurate.

Which of the following options is true in regards to financial forecasts?

1)Forecasts are calculated based on historical data figures so they are extremely accurate.

2)All cash flows will increase or decrease proportionately to forecasted sales numbers.

3)Forecasts are exclusively used internally by management on a company level for general budgeting purposes.

4)Odds are, forecasts will differ from actual results.

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