Demystifying Forecasts

In today's highly volatile environment, estimating future costs and revenues is critical for justifying investment decisions and ensuring that forecasts underpinning key financial decisions are robust ad effective. This two day course is designed to expose participants to state-of-the-art forecasting tools and modelling techniques that will help delegates analyse financial data, predict revenues and costs, assess the risk inherent in their forecast. This is critical to effectively report the forecasting results to management and improve corporate decision making.

Course Objectives  

At the end of the course each delegate will be able to: 

• Make More Meaningful and Complete Assumptions 
• Build More Realistic Forecasting Models 
• Understand the Risks Inherent in Your Business 
• Use the Appropriate Measures in Selecting Your Forecasting Models

Course Content

• Objectives of Forecasts
• Linking Forecasts to budgets and strategic planning
• Creating a framework for financial forecasting
• Rolling Forecasts 
• Identifying data patterns and applying time series modeling techniques 
• Modeling and forecasting your key business drivers 
• Simulating a complete financial forecast: Drilling down to the bottom line  
• Management use of forecast data - Communicating the forecast to management