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Know the difference between forecasts and projections
September / October 2013
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 389
Abstract: The terms “forecast” and “projection” are often used interchangeably. But they have very different meanings, so it’s important to understand the distinction. As this article explains, a forecast predicts a business’s financial performance based on conditions that are expected to exist, and a projection does so based on hypothetical “what if” scenarios. The article explains how both are used in real-life situations.