What Are Forecasting & Budgeting Models?
Forecasting and budgeting models are advanced, data-driven methods for predicting future performance, especially financial performance. Excel offers many features that make it a good tool for modeling and reporting. The validity of a model’s predictions is directly correlated with the integrity of the source data and the assumptions built into the model. Predictive models for complex behaviors and results have stringent data requirements and require professional implementation and operation to provide accurate, reliable predictions.
