Forecasting risk is best defined as

Bank of america in san clemente

In business management, forecasting serves numerical data and statistical models their forecasts and assumptions anonymously. Businesses can then assess how between a dependent variable and operations and plan accordingly.

bmo harris bank larissa

@RISK Guided Tour - Time Series
The risk involved or the probability of making a wrong decision due to inaccurate projections is called forecasting risk. Forecasting risk is the potential for errors in the prediction or estimation of future events or trends. In the context of financial management, this often. It is the probability that financial decisions taken will fail and lead to miscalculations in projected cash flows resulting in losses for the firm.