A forecast is a prediction of a future occasion based on previous or present data. A projection is a forecast made based on previous information and patterns.

A forecast can be accurate or unreliable, depending on a number of aspects. Ideally, the projection precision metric ought to be tailored to your planning procedure, as well as match the processes you utilize to make it.

A projection needs to be accurate in terms of the details, not in basic. It is essential to keep in…