Courses

Financial forecasting is the process of estimating future financial outcomes based on historical data, current market trends, and economic indicators. It involves predicting revenues, expenses, cash flows, and other financial metrics over a specific period. Accurate forecasting helps businesses make informed decisions, allocate resources effectively, and set realistic goals. Techniques such as trend analysis, regression analysis, and time series analysis are commonly used. Additionally, incorporating various scenarios can help organizations prepare for uncertainties and adjust their strategies accordingly.