Some alternative methods for forecasting and scenario planning in business strategy include the use of financial models, trend analysis, and predictive analytics. Financial models can help businesses project future revenues and expenses based on historical data and assumptions. Trend analysis involves examining historical data to identify patterns and trends that can inform future business decisions. Predictive analytics uses statistical algorithms and machine learning techniques to predict future outcomes based on historical data. These methods can be used individually or in combination to provide a comprehensive view of potential future scenarios.
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