Which of the following is a difference between a forecast and a projection?
A) A forecast reflects conditions that may occur, whereas a projection reflects expected conditions based on current knowledge of trends in relevant factors.
B) A forecast is typically for a short period, whereas projections can be made several years into the future projection.
C) A forecast is based on hypothetical assumptions, whereas a projection is based on current knowledge of trends.
D) A forecast invites rebuttal arguments of speculation and bias, whereas a projection is deemed to be the most appropriate indicator of expected future benefits.
Correct Answer:
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