Description:
Business and financial forecasting is of extreme importance to managers at practically all levels. It is required for top managers to make long-term strategic decisions. Middle management uses sales forecasts to develop their departmental budgets. Every other plan such as a production plan, purchasing plan, manpower plan, and financial plan follows from demand forecasting. The critical element in any supply chain plan is the demand forecast.

The goal of this course is to provide a working knowledge of the fundamentals of business forecasting that can be applied in the real world regardless of firm size. We walk you through basic forecasting methodology, and then practical applications. It encompasses a wide range of topics of major importance to practical managers in all functional areas, including cash flow forecasting, cost prediction, earnings forecasts, bankruptcy prediction, foreign exchange forecasting, interest rate forecasting, and technological forecasting. Emphasis is placed on the use of computer technology such as spreadsheets and stand-alone forecasting software.

Topics Covered:

• Forecasting and Managerial Planning
• Forecasting, Budgeting, and Business Valuation
• Moving Averages and Smoothing Methods
• Regression Analysis
• Multiple Regression
• Time Series Analysis and Classical Decomposition
• Forecasting With No Data
• Indirect Methods
• Evaluation of Forecasts
• Sales and Revenue Forecasting
• Forecasting the Economy
• Financial and Earnings Forecasting
• Cash Flow Forecasting
• Analysis of Cost Behavior and Cost Prediction
• Bankruptcy Prediction
• Forecasting Foreign Exchange Rates
• Interest Rate Forecasting
• Technological Forecasting

Category: Finance

Delivery Method: Online

Level: Overview

Prerequisites: Basic Accounting

Passing Score: 70%

NASBA: Yes QAS Self Study

Author: Delta Publishing

ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.