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Budgeting Revisited

Budgeting Revisited

This entry is part 2 of 2 in the series Budgeting

Normally we would expect both the budget and the actual EBITDA to fall somewhere in the region of the expected value.

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Forecasting sales and forecasting uncertainty

Forecasting sales and forecasting uncertainty

This entry is part 1 of 4 in the series Predictive Analytics

There are a large number of methods used for forecasting ranging from judgmental thru expert systems and time series to causal methods.

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Introduction to Simulation Models

Introduction to Simulation Models

This entry is part 4 of 6 in the series Balance simulation

Simulation models sets out to mimic real life company operations.

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Plans based on average assumptions ……

Plans based on average assumptions ……

This entry is part 3 of 4 in the series The fallacies of scenario analysis

Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.

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Budgeting

Budgeting

This entry is part 1 of 2 in the series Budgeting

Budgeting involves personal judgments about future values of large number of variables that describes the nature of the business.

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