What are the limitations of financial forecasting?

Answer by  afoschin (23)

The longer the term of the forecast, the less accurate it becomes. Incorrect inputs or estimations can greatly skew the output.

Answer by  hosneymaruf (182)

The limitations of financial forecasting are not much effective in unpredictable economy, hard to realize unknown competitive threats, only cope with quality data and hard to understand consumer behavior (As consumer behavior sometimes change dramatically).