The Don S. McClure show Live- Early Decision in your Future-Forecasting

The Don S. McClure show Live - Early Decision in your Future-Forecasting and Planning.

You have made some great decisions and given much thought to what you want to achieve and how to get the results you need to make those goals a reality. Which one are you good at.
Forecasting or Planning?

Now comes the hard part and it can be looked at as the fun part of your life.  Forecasting, which is a lot different from planning.
What makes the difference between these two words.
A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends.
Forecasting starts with certain assumptions based on the management's experience, knowledge, and judgment. These estimates are projected into the coming months or years using one or more techniques such as data models, moving averages, trend projection. Since any error in the assumptions will result in a similar or magnified error in forecasting, the technique of sensitivity analysis is used which assigns a range of values to the uncertain factors (variables

PLANNING: Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve the desired goal. It involves the creation and maintenance of a plan, such as psychological aspects that requires conceptual skills.  Dialog By Renowned American Author Don S. McClure.