Question: What are the tools used in planning and forecasting?
There are several tools used in planning and forecasting, including spreadsheets, financial modeling software, data visualization tools, and forecasting software. Spreadsheets are commonly used for simple planning and forecasting, while financial modeling software provides more advanced capabilities such as scenario analysis and sensitivity testing. Data visualization tools help in creating charts and graphs to better understand trends and patterns, while forecasting software utilizes statistical algorithms to predict future trends and outcomes. The choice of tool depends on the complexity of the data and the specific needs of the organization.
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