Forecasting


Trumped up Predictions: Why Nate Silver Missed the Mark on the GOP Nomination

Writing about Donald Trump—especially nowadays—is likely to incite a heated discussion and lose you friends. Whether or not you’re for or against him and his politics, it’s interesting that so few of the political bigwigs managed to foresee that he would get this far. Specifically, Nate Silver and his statistical […]

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Multidimensional

Top 5 Best practices for Planning, Budgeting and Forecasting Automation

A successful business envisions a continuous progress through a strong sense of planning and implementation. The planning phase is a crucial part of performance management wherein the business path is determined by using variables that affect performance. While it’s true that there is no straightforward path to success, there are […]


How To Use Excel for Seasonal Forecasting

If you have years worth of sales data, you can use that data, with the help of Excel, to predict upcoming trends and help you plan for your business. Forecasts can help you with important business decisions, such as managing staff and inventory, planning budgets, and predicting cash flow issues. […]

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measuring forecasting errors

Measuring Errors for Quality Forecasting

It is perhaps part of human nature to react to errors as soon as they see it. Being able to identify them is crucial in just about anything especially in instances where minor discrepancies would impact the expected results a lot. Forecasting business flow is necessary in making important decisions. […]


Five Steps To Transform Your Spreadsheet Only Processes

If your enterprise heavily relies on spreadsheets for data collection and analysis, your business may need a new solution. The spreadsheet only process was an excellent tool in the 1980’s before technological advances and cloud-based performance management tools emerged. The challenges businesses face today are numerous and complex, without dealing with […]

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Performance Management: When Spreadsheets are not enough…

A company’s ability to effectively execute the process of budgeting, forecasting and planning is a huge driver of corporate success. As you know, there are many difficulties that can interfere with such processes in many organizations. A ponderous manual budget process combined with the problematic coordination with line managers often […]


5 Tips for Selecting Software for Planning, Budgeting, and Forecasting

Experts agree that planning, budgeting, and forecasting are essential parts of any enterprise’s success. But many decision-makers still fail to plan properly and thoroughly to put them on the right track. Those who do, enjoy a system that runs more smoothly, avoiding costly accounting errors and securing a more desirable […]

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