Answer: True
Step-by-step explanation:
Yes, the given statement is true that the forecast are establish first so that we can easily understand the different types of factors such as amount of the resources, detail and the level of the accuracy.
The forecast is one of the technique that is used for the historical data or the information that helps in estimating the actual direction and also allocating their specific budget and different types of plans.
Therefore, The given statement is true as these all above given considerations are used for the purpose of forecast.