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Forecasting Techniques
Manage episode 403463446 series 3482081
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Topics Covered In This Episode
- Evolution of Forecasting: Jeff and Mercer discuss using spreadsheet data for revenue prediction and the importance of creating actionable plans within organizations.
- Adjusting Forecasts for Success: Mercer emphasizes adaptability based on feedback and results. Clear plans with measurable objectives and specific steps are crucial.
- Sales Forecasting Strategies: Jeff encourages weekly sales meetings for accountability and accuracy and a pipeline grading system to prioritize opportunities.
- Incorporating Probability into Forecasting: Weekly forecasting is key for trackability and flexibility. Mercer highlights the benefits of considering probability in forecasts.
- Financial Literacy and Forecasting: Anticipating seasonal revenue fluctuations. Streamlining forecasting processes with software tools.
- Decision-making Through Forecasting: Adjusting forecasts based on vision and departmental insights. Manual involvement in the forecasting process for deeper understanding.
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