Question: Forecasting and Comparative Analysis Trend analysis is the process of comparing figures over several specific time periods. 1 . Why is trend analysis important in

Forecasting and Comparative Analysis
Trend analysis is the process of comparing figures over several specific time periods.
1. Why is trend analysis important in forecasting?
2. What is the difference between forecasts and projections?
3. What assumptions are made when forecasting in comparison to projections?

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