Financial forecasting is the practice of making predictions about future financial outcomes. It involves analyzing past data and current trends to estimate future revenue, expenses, and profits for an individual, business, or organization. It helps in planning and making informed decisions regarding budgeting, investing, and setting financial goals.
Full definition
Synonyms for individual words can be found below.
«financial»
«forecasting»
Sentences with «financial forecasting»
- One of the most important skills of any entrepreneur is the ability to prepare budgets and accurate financial forecasts for the business. (entrepreneur.com)
- Thus the «lapse ratio» constitutes a vital element of financial forecasting. (investopedia.com)
- Experienced managing and formatting big data for use in financial forecasts. (resume-now.com)
- (see all
sentences)