Definition of Projected forecast:
An estimation (based on historical data) of the future levels of production or distribution demand and other factors affecting profit margins and business activities. This information is used for maintaining appropriate inventory levels and managing other supply chain processes. The accuracy of a projected forecast can be negatively impacted by unexpected events in the financial markets, fluctuation in commodities (such as volatile fuel prices), upheaval in the political arena, environmental disasters, etc.
Meaning of Projected forecast & Projected forecast Definition