Forecasting for Financial Managers

This course will enable you to

• Recognise what forecasts are used for, and who is responsible for them
• Discuss the principles and practice of statistics relevant to forecasting
• Explore the mechanisms for effective forecasting in the short and medium-term
• Recognise the ways in which long-term forecasting can inform strategic management

About the course

The rate of change in the business environment is greater than ever before and managers are recognising that they have to spend more time looking forward. For you, the finance professional, this is vitally important but not necessarily straightforward. Coming to terms with judgements about the future, which are subject to significant margins of error, requires a particular set of skills.

As well as describing the principles of forecasting, this course looks at their application, especially in decision-making. It will help you to make use of effective interpretative statistics and to understand the role of short, medium and long-term forecasting within a comprehensive structure of control.