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DistributED: Forecast Accuracy

Budget season is here. And there are two ways to create your budget forecast.

  1. Dig into your analytics, grab economic data from NAED, study past revenue trends from your customers, and research potential expense changes.
  2. Just add 10% to the revenue and go forward.

What is the potential danger from option #2, and how should you really prepare your budget forecasts?

Regular contributors to the “DistributED with tED magazine” podcast Desiree Grace and Andrea Olson discuss how you should prepare over the next few weeks.

Desiree Grace is the President of the Americas for Cembre, while Andrea Olson is an author and Customer-Centricity Expert.

 

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