Financial Forecast

A financial forecast is an estimation of future financial outcomes for a specific period, based on historical data, market trends, and economic conditions. It involves predicting revenues, expenses, cash flow, and other financial metrics to aid in planning and decision-making. Financial forecasts can be short-term or long-term and are commonly used by businesses, investors, and financial analysts to assess performance, set budgets, and strategize for future growth. Accuracy in financial forecasting is crucial, as it helps organizations manage resources effectively and anticipate challenges.