Fundamentals of Corp. Fin. (Looseleaf)(Custom)
Fundamentals of Corp. Fin. (Looseleaf)(Custom)
15th Edition
ISBN: 9781269945646
Author: Berk
Publisher: PEARSON
Question
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Chapter 18, Problem 1CT
Summary Introduction

Long-term forecasting: Long-term forecasting is one major tool which is used in financial modeling of the firm. It helps to the financial manager to maximize the wealth of stakeholders of the firm. It is not only useful for the companies but also useful in the daily life of individuals.

To determine:

The purpose of long-term forecasting

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