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Forecast Horizon 1 Definition The future period of time for which a demand forecast is generated, typically as long as the longest single-item cumulative lead time (on a monthly planning basis) or for 2-5 year periods for strategic planning.
Register for FREE to remove ads and unlock more features! Register for FREE to remove ads and unlock more features! The financial forecast is a key input to strategic planning, a firm's process of defining strategy and making decisions about allocating resources. Explain how financial forecasting influences a company's strategic planning.