Many companies are working during these weeks on forecasting for next year. Using forecasting tools can help you in different ways:
- Grasp in-house data and business performance.
- Provide a competitive advantage.
- Set and enforce effective budgets.
- Create a faster response to seasonal changes.
- Identify larger patterns and relationships.
- Assist in long-term strategy and planning.
With forecasting we can’t predict the future, but it helps us understand our company’s financial state and remain agile in a changing enviroment.