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Forecasting
The re-forecast
Updating the forecast for the rest of the year with actuals to date and what has been learned, while keeping the original budget as the fixed comparison.
Owned by: AnalystTest band: Analyst
In practice
Budget + actuals-to-date + re-forecast of the remaining months = the current full-year view. Report all three so nobody mistakes the re-forecast for the commitment.
The kind of thing the test asks
- By June the business is 8% behind budget. The full-year number to report to leadership is…
More in forecasting
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