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What term refers to an educated prediction of what the financial situation is likely to be in the relatively near future?

A. Forecast

B. Budget

C. Report

D. Risk analysis

1 Answer

5 votes

Answer:

A. Forecast

Step-by-step explanation:

A forecast is an educated prediction of the economic or financial performance of a country, city, or business, in the short term.

Economists and financial analysts often develop forescasts based on objective data. For example, economists forecast the performance of the economy: GDP, every year, for periods often as short as a month.

Financial analysts tend to focus on other metrics when developing forecasts: for example, share value, or yield curves.

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User Szere Dyeri
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