One Response to “What are the differences and the similarities between forecasting and budgeting?”

1. robrobiii says:

   May 18, 2010 at 9:19 am

   Both are estimates or plans for the future.
   Forecasting is a bit more general, while budgeting a bit more specific to financial terms.
   In practice, budgets tend to be more set for a specific time, while forecasts more flexible, changing more often.

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