Improving the accuracy of forecasts
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Question: Analyze the process of forecasting financial statements and make at least one recommendation for improving the accuracy of forecasts. Provide specific examples to support your response.
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Haller & Gerrie (2007) argued that "Decisions must be made and not postponed until absolute scientific consensus has been reached, and thus, scientific input to contentious policy debates must be solicited in the here and now."
Analyze the process of forecasting financial statements and make at least one recommendation for improving the accuracy of forecasts. Provide specific examples to support your response.
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1) Estimate the sustainability of long-term business operations. 2) Explain how the global market affects business strategy.
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