|
|
|
Definition: a Rolling Forecast is a financial approach that predicts the future performance of a business over a continuous period, based on historical data. Unlike static forecasts that forecast the future for a fixed time frame, e.g., January to December, a rolling forecast is regularly (typically monthly or quarterly) updated throughout the year to reflect any changes. It relies on an add/drop approach to forecasting that drops a month/period as it passes and adds a new month/period automatically. This enables a company to project its future performance based on the most recent numbers and time frame, which offers an advantage when operating in a fluid and ever-changing external environment. |
More on decision support: Activity Based Costing, Artificial Intelligence In Marketing, Big Data Analytics, Business Intelligence, Business Performance Management, more on decision support... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
|
© 2024 MBA Brief - Last updated: 21-11-2024 - Privacy | Terms
