On June 2, 2014, the City Council of Seattle, Washington passed a local ordinance to increase the minimum wage of the city to $15 an hour, giving the city the highest minimum wage in the United States, which will be phased in over seven years, to be fully implemented by 2021.
For other uses, see Forecast (disambiguation). Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term.
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.