Asked by Jessie Mebane on Sep 26, 2024
Verified
Forecasts are considered pure guesses, "a shot in the dark", since one cannot predict the future.
Forecasts
Predictions or estimates of future events or trends, based on current and historical data analysis.
Pure Guesses
Speculations made without any evidence or basis in facts.
- Perceive the essential contribution of scenario writing and forecasting to strategic planning processes.
Verified Answer
JM
Jonathan Montoyaabout 18 hours ago
Final Answer :
False
Explanation :
Forecasts are not pure guesses. Though one cannot predict the future with complete accuracy, forecasts are based on research, data, and analysis to make informed predictions.
Learning Objectives
- Perceive the essential contribution of scenario writing and forecasting to strategic planning processes.