Fin323 Project Instructor Information Office Hours and Location Map to Office Feedback FAQ Services, Links etc. The use of forecasts in the firm. The prerequiste is strictly enforced. A lmost every business endeavor requires some sort of forecast.
Forecasts are an essential part of making decision.
Results of a business decision are usually not known as the decision is being made, since decisions can only be made about events in the future, not events that have already happen. Even though forecasts are constantly needed most of us are very uncomfortable with the thought of forecasting. Even though we may be uncomfortable with forecasting we are all pretty good forecasters. Because we have managed to survive to this point. Every day decisions in life also require that we forecast.