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Online Courses Professional Development Accounting Courses Finance: Financial Forecasting

Finance: Financial Forecasting

Created by: Sentinel | 9
5.0 1,094 views Prime
Last Updated 05/2021
English
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What you'll learn

Apply financial forecasting techniques including regression, correlation and covariance; time series analysis - cointegration and random walk; econometric tools

Skills covered in this course

7.5 Applied Finance 5 - Financial Forecasting

Overview

FAQs

Description

Description: This course applies the fundamentals of corporate finance from the perspective of the business manager. Once the course is completed, you will have learned financial forecasting, co-integration, random walk, seasonality, smoothing and errors and an introduction to survey and research methods.


Background: Financial management in both private and public organizations typically operates under conditions of uncertainty or risk. Probably the most important function of business is forecasting. A forecast is a starting point for planning. The objective of forecasting is to reduce risk in decision making. In business, forecasts are the basis for capacity planning, production and inventory planning, manpower planning, planning for sales and market share, financial planning and budgeting, planning for research and development and top management's strategic planning. Sales forecasts are especially crucial aspects of many financial management activities, including budgets, profit planning, capital expenditure analysis and acquisition and merger analysis.
Forecasts are needed for marketing, production, purchasing, manpower and financial planning. Further, top management needs forecasts for planning and implementing long-term strategic objectives and planning for capital expenditures.
the financial manager must estimate the future cash inflow and outflow.

Forecasts must also be made of money and credit conditions and interest rates so that the cash needs of the firm may be met at the lowest possible cost.
Long-term forecasts are needed for the planning of changes in the company's capital structure.
There are basically two approaches to forecasting: qualitative and quantitative. They are as follows:

1. Quantitative Approach
a) Forecasts based on historical data
b) Associative (Causal) forecasts
c) Forecasts based on consumer behavior - Markov approach
d) Indirect methods

Quantitative models work superbly as long as little or no systematic change in the environment takes place. When patterns or relationships do change, by themselves, the objective models are of little use. It is here where the qualitative approach based on human judgment is indispensable.

2. Qualitative Approach
Forecasts based on judgment and opinion
• Executive opinions
• Delphi technique
• Sales force polling
• Consumer surveys

Author

Sentinel | 9

90 Courses

Sentinel | 9 specializes in Business Education and Professional Development for managers and executives. Their catalog includes courses in Business Strategy, Marketing, Finance, and Digital Transformation. Each program blends academic knowledge with workplace application, making them ideal for corporate learners. Sentinel | 9 helps organizations strengthen management capabilities while supporting ongoing employee development. Their concise, modular training aligns with the needs of today’s business environment.

Frequently Asked Questions

This course is designed for employees who need to complete Finance: Financial Forecasting training

Yes. Refund requests can be submitted within 30 days of purchase.

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 60 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.