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Obtain a good approximation for future budget

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Reference no: EM132408601

An important part when it comes to forecasting is to check the past data. Let's say that you want to forecast the available budget for your company for 2020 and you have a data set which contains information from the previous 20 years (2000, 2001, etc.). It is like a time machine. How far would you go to obtain a good approximation for your future budget? Would you start with 2000 or another period?

Reference no: EM132408601

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