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Sometimes you won't always know the values that you are going to be using, as you are trying to forecast something, like if you are doing a business plan. You won't know what your costs will be next year, or how the economy will go, how much you can produce and so on. All you can do is make assumptions so that you can at least test your spreadsheet. They should be as realistic as possible and stable and along the lines of what most people and experts would think.

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Q: In spreadsheets what is an assumption list?
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