This is the last blog in our 4-blog series on Scientific Forecasting. In the previous blogs we discussed three major topics, i.e. cultural hurdles to forecasting, in-quarter corrective actions, and forecast types by forecasting time horizons. Once mastered, addressing these three areas will result in higher forecasting predictability. What looks easy, is however not so […]
This is blog no. 3 in our 4-blog series, with the last blog having started getting into the issues needing to be addressed when implementing Scientific Forecasting. In this blog we’ll get into the different types of forecasts and some suggestions on when and how to use each type. Different types of revenue forecasts: […]
This is blog no. 2 in our 4-blog series about Scientific Forecasting. In the last blog we talked about why managing expenses to the penny while winging the revenue forecasts doesn’t make financial sense and can cause wasted resources in excessive re-budgeting. In this second blog we’ll shift gears and start talking about how to […]
