In this article, Steve Morlidge argues that the quality of business forecasting is unacceptably poor. He goes on to present six simple principles that will help executives significantly improve the performance of their forecast processes.

The first step in forecasting is to understand where we are today and how we arrived at that point from the past. This is gain through analysis and reporting. 

Statistical approaches to forecasting can provide a framework for creating rolling budgets to which analytical skills and judgment can be applied in supporting a sound budgeting process.

Forecast accuracy is often a subject of discussion. What are the issues met that can generate such level of discussion? 

Making projections is one part of an FP&A practitioner’s work.  The purpose of projections is to establish expectations on outcomes.  How can an FP&A practitioner give meaning to projections?

Many millions of people are stuck with the habit of smoking. They know its bad for them and it will eventually kill them, yet they continue.