Tag: "Assumptions"

Financial forecasting3rd September 2012

Let's be clear why we do forecasting. The time when projections were prepared just to please a banker to tick a box are long gone. In fact that banker probably made good use of them, but they were rarely used for business improvement. And business improvement is why financial forecasting is now so vital. Rubbish in, rubbish out… The greatest skill in preparing a forecast is in setting the variables that go into it. The accuracy and relevance of these assumptions is the single