Economics Homework Help
Graphing Forecast and Profits Discussion
- Review the following resources:
- Webpage: Business Forecasting: Understanding the Basics(new tab)
- Article: Total Revenue Forecasting – Sunny with a Chance of Profits(new tab)
- Webpage: Top Financial Forecasting Methods Explained(new tab)
- Video: How to Forecast Sales | LivePlan(new tab)
- Webpage: Budgeting vs. Financial Forecasting: What’s the Difference?(new tab)
- Using the resources provided in this workshop along with your own independent research, develop a graph that shows profit and loss in your chosen industry over the past five years. Furthermore, develop a graph that forecasts profit for the next five years. Please note that Excel is a great tool for creating a graph for this project.
- Navigate to the threaded discussion and:
- Post your graph with your comments explaining the importance of the graphs and your rationale for selecting the information in your work.
- Discuss the impact of not properly forecasting profit for a company in your industry.
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