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Based on qualitative and quantitativedata plus subject matter expertise, folks will attempt to guess what’s likely to happen. Additive forecasting , a popular method of doing budgeting in which you take the previous period’s data, adjust it by a percentage, and then call that your forecast.
The challenge of financial forecasts based on quantitativedata was both stimulating and rewarding. This includes proficiency in budgeting, forecasting, and financial modelling to make informed strategic decisions. I found great satisfaction in deciphering financial statements and understanding market trends.
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