What is Forecasting? | Process & Benefits of Forecasting

In this video, I have explained " Forecasting".
Forecasting is a technique for making predictions of the direction of future trends based on analysis of past and present data. Businesses use forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period.
Topics I have discussed in this video are,
1. What is forecasting?
2. Methods of Forecasting- Qualitative method and Quantitative method.
3. Process of Forecasting.
4. Benefits of forecasting in sales, demand, qualitative.
5. Forecasting definition.
6. examples of forecasting.

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