It is a common saying that the only thing certain about a forecast is that it will be wrong. What is
QUESTION
It is a common saying that the only thing certain about a forecast is that it will be wrong. What is meant by this
Forecasting is required in mostly all domains or units of a business. Since forecasting is based on assumptions about the market. It might get right if assumptions are good enough and went wrong, if assumptions are not accurate. Therefore, company has to focus and work on assumptions, which can be done through proper research and by proper fundamental analysis. Even after research, authenticity of obtained data does not remain confirmed; it is proved when actual
e comes. So due to this, most of the person says that it will be wrong because in order to predict something for future is mostly un-expectable and if one is predicting anything then there are lots more chances that it will be wrong as its not on accurate figures its on assumptions which will vary.
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