Difference between forecasting and budgeting

answer:

he key difference between a budget and a forecast is that a budget lays out the plan for what a business wants to achieve while a forecast states its actual expectations for results usually in a much more summarized format. In essence a budget is a quantified expectation for what a business wants to achieve.

Explanation:

answer; by looking at total product,marginal product,and changes in both after changes in inputs