An economic forecast is a forecast that considers the business cycle by foreseeing planning indicators. a projection of the economy.
What do you mean by business forecasting?
A projection of an industry's or firm's future developments made using historical and current data trends and patterns is known as business forecasting.
Types of forecasting :
- Economic,
- the labor market, and
expectations are the three categories.
Thus,
The technique of forecasting the state of the economy using a variety of frequently used indicators is known as economic forecasting.
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