Review:
Financial Forecasting Models
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Financial forecasting models are tools used by businesses to predict future financial performance based on historical data and assumptions.
Key Features
- Data analysis
- Scenario planning
- Trend identification
- Sensitivity analysis
Pros
- Helps in strategic decision-making
- Enables better resource allocation
- Improves budgeting and planning
Cons
- Requires accurate input data
- May not account for unforeseen events