Answer:e)projection for the future.
A forecast is the calculation ,analysis and projection of future events.
Forecasting techniques analyses information from the past or even the present circumstances to make projections that are predictive in determining future occurrences.
Business units uses forecasting to determine future business trend.This is done by using variables such as markets influence,products availability,government policy that can affect business operations in future.They utilize forecasting effectively by allocating their budgets in anticipation for future revenue and expenses.
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