A major difference between budgeting and forecasting is that forecasting is commonly viewed as a process that covers a longer period of time than budgeting.

Name: A major difference between budgeting and forecasting is that forecasting is commonly viewed as a process that covers a longer period of time than budgeting.
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Forecasting typically covers a shorter period of time and is more flexible, while budgeting is a more detailed plan for a longer period, usually a year.

A Major Difference Between Budgeting and Forecasting Is That Forecasting