1.5 Forecasting, planning and goals

Forecasting is a common [[statistical|kjkljlkjk]] task in business, where it helps to inform decisions about the scheduling of production, transportation and personnel, and provides a guide to long-term strategic planning. However, business forecasting is often done poorly, and is frequently confused with planning and goals. They are three different things. planning. However, business forecasting is often done poorly, and is frequently confused with planning and goals. They are three different things.