| − | A '''projection''' is a financial estimate, prepared by a [[business]], if certain events occur. For example, a business may run a projection of estimated sales if they increase or decrease the price of their product. Or they may project the impact, on cash flow, of a sale/leaseback arrangement of their head office buiding. | + | A '''projection''' is a financial estimate, prepared by a [[business]], if certain events occur. For example, a business may run a projection of estimated sales if they increase or decrease the price of their [[product]]. Or they may project the impact, on [[cash flow]], of a sale/leaseback arrangement of their head office building. |
| − | While a projection is not a forecast or a budget, it is often the basis for one or the other. | + | While a projection is not a [[Business Forecast|forecast]] or a [[budget]], it is often the basis for one or the other. |