SAVE 30% USING CODE ACPD30
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.
Look inside
Contents
- Looking to the future
- Forecasting: an overview
- The purpose of forecasting
- Forecasts and projections
- The importance of forecasting
- Forecasting and financial control
- Responsibility for forecasting
- Statistics
- Probability
- The Pareto Principle
- The 80:20 rule
- Dispersion
- Correlation
- Changes and variables
- Regression
- Big data
- Short and medium-term forecasting
- Hedging: as overview
- Hedging
- Predictive modelling
- Making the rules
- Budgetary control
- An increased pace of change
- Long-term forecasting
- Informing strategic management
- Devolution
- The theory of comparative costs
- Constructing scenarios
- The Delphi Method
- Modelling and simulation
How it works
Author
Reviews
| Recommended | ||||
Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
|---|---|---|---|---|
| Access to this course | ||||
| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
| Access period | 120 days | 120 days | 12 months | 12+ months |
| Audit-proof CPD completion certificate | ||||
| Immediate access to our entire CPD catalogue | ||||
| Exclusive news and CPD every week plus monthly webinars, all year round | ||||
| Account manager on hand to support your team’s needs | ||||
| Learn more | Learn more | Learn more | ||
Why not upgrade?
Find the best way to complete your CPD
You might also like
Take a look at some of our bestselling courses
SAVE 30% USING CODE ACPD30