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Why wouldn't you be a bit more "aggressive" in your forecasting?
So does this mean you should all go out and use the ISM manufacturing index in your forecasting models?
So go to our Forecasting Contest, and put your forecasting skills to the test.
But let's assume that your forecasting wasn't perfect and you instead waited to buy zeros until stocks started moving up.
When I agreed to become WPP's SVP/Treasurer, Americas he wrote me, "Your forecasting abilities are prodigious".
In order to hone your forecasting skills, read the news daily and keep track of current events.
Similar(53)
Sense check your forecasts with someone you trust, such as your accountant.
Always be prepared to readjust your forecasts when things don't go as you had planned.
Have you included a reasonable contingency in your forecast in case sales or costs are significantly different from forecast?
So you had better have a plan, and a backup plan, too, for when your forecasts inevitably go awry.
Test every assumption and ask as many people to sense check your forecasts: beg, borrow and steal expertise!
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com