Forecasting with Regression Analysis
Regression analysis is a statistical method that enables us to fit a straight line that on average represents the best possible graphical relationship between sales and time.
Regression analysis is a statistical method that enables us to fit a straight line that on average represents the best possible graphical relationship between sales and time.
Sales forecasting is the estimation of future sales using past data and market trends to aid planning and decision-making.
The budgeting process is the planning and allocation of financial resources to manage investments, financing, and working capital.
Financial planning and budgeting in finance is the process of forecasting, allocating, and managing financial resources to achieve business goals and support strategic decisions.
Strategy and adding value in finance means aligning competitive goals with shareholder wealth through profitable decisions.
Comparative advantage is producing at lower cost and competitive advantage is outperforming rivals through market strengths.
Comparative and Competitive Advantages in Finance Read Post »
Financial strategy guides long-term financial goals and financial planning manages short-term financial actions. Financial strategy and financial planning together refer to the long-term direction and short-term actions a company takes to manage finances, align investments, budgets, and funding decisions with strategic goals, and maximize shareholder value.