Forecasting and Planning

Forecasting and planning in business operations analysis involves predicting future trends and outcomes based on data and analysis. Forecasting uses historical data to estimate future demand, sales, or resource needs, helping businesses anticipate changes. Planning translates these forecasts into actionable strategies, determining how to allocate resources effectively, set budgets, and develop timelines. Together, they enable organizations to make informed decisions, manage risks, and optimize performance, ensuring they can meet customer demands efficiently while aligning with their goals and objectives.