The Beginner's Guide to Financial Modeling and Forecasting
Finance professionals build financial models and forecasts to estimate your business performance. In this guide, we explore each concept and discuss the similarities and differences between the two.Download for Free
- We discuss what financial modeling and financial forecasting are.
- We explain the importance and limitations of each concept.
- We take you through both the types of financial models and financial forecasting methods.
- We list the similarities and differences between financial modeling and forecasting.
Financial Modeling and Forecasting are complementary tools that help you determine your company valuation and predict your performance in the future. This allows you to ascertain and allocate the necessary resources to reach your goals and objectives.
They are the tools that facilitate analysis and decision-making for companies and businesses. Most people usually refer to both interchangeably. While they share some similarities, they are distinct functions.
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