Forecasting Fumbles

Financial forecasting plays a pivotal role in positioning a company for growth and sustainability. A rolling forecast is a financial planning and forecasting approach that analyzes a fixed future period, typically by adding a new period as a current period expires. In contrast to traditional and static forecasts, rolling forecasts provide organizations with a more flexible and forward-looking approach.

While rolling forecasts can be a critical decision-making tool, there are at least 10 common mistakes that can hamper the effectiveness of a rolling forecast. Avoiding these mistakes will enable your organization to create more accurate and reliable forecasts that help drive the business forward.