What do you mean by Budgeting Forecasting

Question

Accepted Answer

Budgeting forecasting is the process of estimating future financial outcomes based on historical data and market trends.

Budgeting forecasting involves analyzing past financial data and market conditions to predict future financial outcomes.
It helps in setting financial goals, allocating resources, and making informed business decisions.
Forecasting techniques include trend analysis, regression analysis, and time series analysis.
For example, a company may use budgeting forecasting to predict sales revenue for the upcoming year based on historical sales data and market trends.
Budgeting forecasting is essential for effective financial planning and ensuring the financial stability of an organization.

Top Publicis Resources Associate Lead interview questions & answers