Learn about the goal of forecasting and how companies use it to project growth.
- So, imagine that you've started up a sporting goods store.…You've bought the inventory, hired the staff,…put up banners, and fired up that big neon sign.…On opening day, in comes the crowd.…Tennis rackets flying off the walls,…running shoes out of stock,…protein powder supplement selling beautifully,…what a great scene for day one.…You should be super happy with your marketing campaign.…But, what's going to happen on day two,…day 20,…day 200,…day 2000?…Your business needs to be able to look ahead…and plan for the future.…
This is where forecasting can help.…Looking ahead to see what future expenses…and revenues could look like based on past trends.…Forecasting, however, is a pretty risky business.…Any time you deal with the future…your predictions involve a great deal of uncertainty.…Winston Churchill once said, "It's always wise…"to look ahead, but difficult to look further…"than you can see."…That definitely holds true about forecasting.…Because so many assumptions…go into creating financial forecasts,…there's always a risk that they won't be accurate.…
- The four different types of financial statements
- Moving averages
- Seasonally adjusted trends
- Pro forma statements
- Sales forecasting
- Forecasting expenses
- Projecting cash flow
- Regression analysis
Skill Level Intermediate
Finance Foundations: Business Valuationwith Jim Stice1h 49m Appropriate for all
1. Finance Basics
2. Simple Financial Forecasting
3. Pro Forma Financial Statements
4. Projecting Cash Flows
5. Introduction to Regression Analysis
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