budgeting and forecasting:

Why is Forecasting Important?

Forecasting is essential for the following reasons:
Proactive Decision-Making: It allows businesses to anticipate and prepare for future challenges and opportunities.
Risk Management: Forecasting helps identify potential risks and develop strategies to mitigate them.
Resource Optimization: It aids in optimizing the use of resources by predicting future needs.
Investment Planning: It provides insights that are crucial for making informed investment decisions.

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