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A forecast in Business is management's best estimate of what will happen during the forecast period. It is not a budget, which is more in the nature of a target.
A '''Business forecast''' is management's best estimate of what will happen during the forecast period. It is not a [[budget]], which is more in the nature of a target.
Forecasts will be prepared by a business for a variety of reasons. Many companies require a forecast quarterly or half-yearly to determine how much a company might be over or under budget.
Forecasts will be prepared by a business for a variety of reasons. Many companies require a forecast quarterly or half-yearly to determine how much a company might be over or under budget.