Forecasting Risk what is forecasting risk? In general would the degree of forecasting risk be greater for

Question:

Forecasting Risk what is forecasting risk? In general would the degree of forecasting risk be greater for a new product or a cost-cutting proposal? Why?

Forecasting Risk
Forecasting is a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends. Businesses utilize forecasting to determine how to allocate their budgets or plan for...