Accuracy and limitations of forecasting
What Accuracy and limitations of forecasting means in Business GCSE, as defined for AQA.
Definition of Accuracy and limitations of forecasting
Check what you remember
Read the wording for your board, then hide it and explain Accuracy and limitations of forecasting in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Forecasts may be inaccurate, and a plan can become outdated if the market changes, making the financial forecasts unreliable.
Topics that use Accuracy and limitations of forecasting
- Business planning (AQA GCSE)
Related terms
Using Accuracy and limitations of forecasting in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge