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Question 1 (15 marks) a. Explain the importance of forecasting and budgeting in facilitating business performance. Ensure you distinguish between forecasting and budgeting in your answer. b. If forecasts are not accurate, what can the possible implications be on cost management and resource allocations of the business? Use two hospitality examples in your discussion. 0. Identify 3 things that can be done to increase the accuracy of forecasts