Long-term forecasting : Long-term forecasting is one major tool which is used in financial modeling of the firm. It helps to the financial manager to maximize the wealth of stakeholders of the firm. It is not only useful for the companies but also useful in the daily life of individuals. To determine: The purpose of long-term forecasting

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Chapter 18, Problem 1CT

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Long-term forecasting: Long-term forecasting is one major tool which is used in financial modeling of the firm. It helps to the financial manager to maximize the wealth of stakeholders of the firm. It is not only useful for the companies but also useful in the daily life of individuals.

To determine:

The purpose of long-term forecasting

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