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Predicting a firm's future financial needs includes all of the following steps except estimation of projected sales and expenses.
What is financial forecasting?
You can use financial projections to make better data- and fact-based business decisions. Making a monthly financial forecast a habit can help you to organise your future moves in terms of operations, funding, and budgeting.
What kind of analysis is done to make predictions?
A subset of advanced analytics called predictive analytics uses historical data along with statistical modelling, data mining, and machine learning to forecast future results. Utilizing trends in this data, businesses use predictive analytics to spot dangers and opportunities.
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All of the following procedures, with the exception of projecting sales and expenses, are involved in predicting a company's future financial requirements.
Financial forecasting: what is it?
Financial predictions can help you make more informed company decisions that are supported by data and facts. Making a habit of creating a monthly financial projection can assist you in planning your operations, funding, and budgeting in the future.
What type of analysis is carried out in order to produce predictions?
Predictive analytics, a subset of advanced analytics, forecasts future outcomes using historical data, statistical modeling, data mining, and machine learning. Businesses utilize predictive analytics to identify threats and opportunities by using trends in this data.
To know more about financial forecasting, click here- brainly.com/question/29393913
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