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in step three of the forecasting process we try to achieve consensus of the forecast. one way to achieve that consensus in a formal way is to employ ?

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KunalYadav273idn

Collaborative planning, forecasting, and replenishing are some formal ways to reach that consensus (CPFR).

What does forecasting imply?

Using historical as inputs, forecasting is a process that produces accurate predictions of the future course of trends. Organizations use forecasting to decide how to spend their budgets and create plans for anticipated spending.

What does business forecasting entail?

In order to forecast the bank's future financial performance, small-business owners must look at both historical and current data, as well as market trends. It helps you to forecast your prospective income for a given time period and make large cost plans.

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