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What to Know About the Methods and Applications of Financial Forecasting

Financial forecasting is the act of estimating future financial outcomes for a business or an investment. It is a critical process in financial planning and decision-making. It employs statistical ...
Simon Fraser University

Forecasting Methods

In the STEPAR method, PROC FORECAST first fits a time trend model to the series and takes the difference between each value and the estimated trend. (This process is called detrending.) Then, the ...
Mining

RPMGlobal marks thirty years of XERAS financial budgeting and forecasting tool

RPMGlobal is celebrating the mining industry’s most trusted financial budgeting tool, XERAS, which turns 30 this month. XERAS was first introduced to the mining industry in 1990 in a simple English ...
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IMF flags over a decade of budget forecasting failures in Nigeria

A new report by the International Monetary Fund (IMF) has exposed persistent and significant errors in Nigeria’s fiscal forecasting between 2011 and 2023, raising serious concerns over the credibility ...
Simon Fraser University

Introduction to Forecasting Methods

This section briefly introduces the forecasting methods used by the FORECAST procedure. Refer to textbooks on forecasting and see "Forecasting Methods" later in this chapter for more detailed ...