Financial Forecasting

Financial forecasting is the process of estimating a company's future financial performance based on historical data, market trends, and economic conditions. It involves predicting revenues, expenses, and other key financial metrics over a specific period. Businesses use these forecasts to make informed decisions about budgeting, investments, and strategic planning. Accurate forecasts help organizations identify potential challenges and opportunities, ensuring they can allocate resources effectively to achieve their financial goals. Essentially, financial forecasting provides a roadmap for future financial health and stability.