Question: A forecast is an attempt to predict the future by considering the past and present. It involves examining historical data and trends in order to

A forecast is an attempt to predict the future by considering the past and present. It involves examining historical data and trends in order to determine how to deal with the impact of future uncertainty.

What are the benefits that forecasting offers a business? Why is it important?

Kindly, I would like a written answer, not a picture.

Thank you in advance for not copying other's answers. << important

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