Financial Forecast

A financial forecast is an estimation of future financial outcomes for a company or organization, derived from historical data and trends, along with an analysis of market conditions and economic indicators. It typically includes projections for revenues, expenses, profits, cash flow, and other key financial metrics over a specific period, such as monthly, quarterly, or annually. Financial forecasts are used for budgeting, strategic planning, and decision-making purposes, helping to inform stakeholders about potential future performance and resource allocation. They can be based on quantitative methods, such as statistical modeling, or qualitative assessments that consider industry trends and managerial insights.