A projection is a forecast of a future event based upon past or present information. The word forecast is related to the term forecast, however is not the exact same. A forecast is a forecast made based upon previous information and trends. An example of a commonplace case of forecasting is the estimate of a variable of interest at a specific future date. Nevertheless, the term is much more comprehensive than this and can be used for much more than this.A projection can be accurate or…See More