Long-term forecasting : Long-term forecasting helps in the future financial planning of the firm. The long-term forecasting is used in identifying the important linkages, analyzing the impact of a business plan and managing the fund for future for meeting future financial needs of the companies. It is not only used in companies but also used in the daily life of the individual. To identify: The way that financial manager uses the long-term forecast to adopt the new business plan.

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Chapter 18, Problem 5CT

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Long-term forecasting: Long-term forecasting helps in the future financial planning of the firm. The long-term forecasting is used in identifying the important linkages, analyzing the impact of a business plan and managing the fund for future for meeting future financial needs of the companies. It is not only used in companies but also used in the daily life of the individual.

To identify:

The way that financial manager uses the long-term forecast to adopt the new business plan.

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