Question
In: Finance
~Business Analysis~ Name three specific items for which forecasts can be created.
~Business Analysis~
Name three specific items for which forecasts can be created.
Name two different items that Kiana could forecast for her donut shop.
What items does Kiana need in order to be able to create a forecast?
Solutions
Expert Solution
1. Three specific items for which forecast can be created are-
A. Forecast for growth in sales
B. Forecast for growth in profits
C. Forecast about increasing and decreasing customers.
2. Items that she could use for forecasting of a doughnut shop-
A. Proactive risk management analysis tools
B. Scenario analysis and sensitivity analysis
3. She should be needing various kinds of variable like the risk taking ability and the past trends and the prevailing market condition as well as micro market condition and the macro market condition and it will be helpful determination of the overall risk aversion and assessment of financial statement analysis
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