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A forecast is what you think will happen to something which you can't influence yourself, like the weather or exchange rates. A plan is something in which you can influence the outcome, like "we'll try to get a 10% increase in younger customers by advertising outside schools".
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'What is the difference between sales forecast and sales plan?
Roughly, a Sales Plan is your strategie for achieving sales (purchases). A Sales forecast is an estimate at the beginning of a time period of how much one expects to sell.
Difference between sales plan and sales forecast?
A sales plan and a sales forecast are essentially the same, however the big difference is one is a set plan for the whole year. It is mostly used with larger corporations to single out units. A sales forecast is set at the store/branch level and is there to help with the changing situations (ie weather, natural disasters, and the such) A plan is what you are going to do and a forecast is what you think is going to happen. There should be a link between the two, but you may not have the capacity to make all that you could sell.
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is the difference between earthquake forecast and earthquake prediction?
The difference between a earthquake forecast and an earthquake prediction us that an earth quake forecast is when people say whats gonna happen and a prediction is what scientist think what might happen.
What is forecast error?
In statistics, a forecast error is the difference between the actual or real and the predicted or forecast value of a time series or any other phenomenon of interest.
What is the different between sales forecast and sales plan?
Sales plan is prepared based on sales forecast which is from previous experiance or on based on market research or intuition, an estimate that how much sales will be required in future.
What is the difference between an objective and action plan?
what is the difference betwen objective and plan
What is the difference between point forecast and prediction interval forecast?
A point forecast is a single answer e.g. it is going to rain at 1pm. An interval forecast is based on uncertainity e.g. it is going to rain between 12pm and 2pm. An interval forecast is used because a forecast is always precisly wrong and appromatley right, y.e. don't give a precise answer because it will be wrong.
What is difference between forecast and forcastibng?
one is a plural and the other isn't. They mean the same thing.
What is the difference between scheme of work and unit plan?
There is no difference between a unit plan and a scheme of wok. thank u. By highkult
What was the main difference between the Virginia Plan the new Jersey Plan?
nothing .
What was the main difference between the New Jersey plan and Virginia Plan?
nothing .
