What makes a forecast, budget, or plan the “best?” If you said accuracy, you’d be wrong. The best plan is one that provides a business with actionable options in the face of dynamic market conditions.
Long gone are the days when annual budget steered business decisions, with only predictable, minimal changes. With increasing competition and a volatile economic environment, companies need a better way to predict the future. As a result, new forecasting techniques have emerged to help anticipate changes and drive better informed strategic decisions.
Traditional forecasts take a structured approach to...