Financial Forecasting (Live Online)

Strengthen your forecasting skills to analyze financial data and develop robust forecasts.Who Should Attend:Any financial professional who needs to create, maintain and improve the forecasting process at their company, as well as professionals in any function who must interpret, analyze and make decisions based on forecasts created by others.In this hands-on seminar, you’ll delve into the critical components of forecasting and build forecasts that help power the operations, finance, production, and planning functions in your organization.You’ll master the key components and skills to create forecasts and learn to translate and appraise the forecasts of others. In addition, you’ll understand how to interpret the meaning of any forecast, whether it’s your own company’s or that of the competition. Whether you’re new or seasoned in forecasting and in need of a briskly paced refresher, this seminar will help you see into—and plan—your company’s future!How you will benefit:Gather the basic facts necessary to start building a forecastLearn limitations—what forecasts can and cannot doChoose the proper forecasting technique given available data and forecast goalsCritique and interpret forecasts and their implicationsUtilize powerful MS Excel tools—with uses transferable to other disciplinesMaster and use regression tools to make better forecastsUse Excel tools to present forecast data to executive managementWhat you will cover:Introduction to business forecastingBasic statistical techniquesForecasting techniques and methodsGetting started: Making underlying assumptionsIdentifying data patterns: Exploratory analysis conceptsTime series and their componentsThe use of Excel as your forecasting toolForecasting performance measurementsSimple and multivariate linear regressionSummarizing and displaying data in ExcelNew directions in financial forecastingNOTE: Please bring a laptop equipped with Excel 2019 or 365 to this seminar.Course outline:Learning ObjectivesIdentify the Basics of ForecastingDescribe Quantitative and Qualitative AnalysisApply Statistics and Formulas to ForecastingDefine Data Analysis Using Microsoft ExcelIdentify Business Forecasts and How They Are UsedDescribe How Probability and Risk Affect ForecastsDescribe Future Trends in Forecasting