Prepare a 500-750 word essay (2-3 pages) in which you explain how financial forecasting is essential to the strategic growth of a firm.

Prepare a 500-750 word essay (2-3 pages) in which you explain how financial forecasting is essential to the strategic growth of a firm. Why are things like forecasting and projections important? Please point out the specific financial statements that must be used and talk about why they are important. 

Use proper APA format. Use 3 references, one of which should be the textbook. A document template that is already set-up in APA format is attached here for you to use. As this is such a short writing assignment, you can omit the abstract.