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PFI

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › PFI

  • This topic has 1 reply, 2 voices, and was last updated 11 years ago by MikeLittle.
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  • May 3, 2014 at 9:15 am #167190
    hasanali95
    Member
    • Topics: 239
    • Replies: 248
    • ☆☆☆

    In simple words,what is the difference between projections and forecasts?

    May 4, 2014 at 9:20 am #167331
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    I believe that the difference is that a projection uses as a base historic performance and projects that history into the future.

    A forecast may use but, crucially, may not use historic performance as a benchmark.

    So a forecast could be pure guess work

    Equally, a forecast could attempt to take into account anticipated change in market tastes, law, economic circumstances … in fact, a change in anything

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