Having the capacity and knowledge to launch successful business strategies and initiatives will not only benefit your organization today, but prepare it for the future. And as the economy fluctuates, businesses are in urgent need to understand how changes will impact their operations. BPM’s Economic Consulting team specializes in helping organizations of all sizes prepare business economic forecasts for exactly this reason.
A business economic forecast (see example below) is a dynamic quantitative modeling platform that projects the impact of certain economic events in a company’s business operations1. The modeling platform can help organizations like yours forecast and assess the degree of impact to sales, cost, budget, net income and cash flow, among others2.
How Business Economic Forecasting Can Help You
Provide to management a powerful vision tool to execute smart and balanced decisions between business risks and value growth strategies. The modeling platform can be used on a quarterly, semi-annual or annual basis or in a dynamic process during the inception, planning, and execution of initiatives.
A business economic forecast platform model is also a powerful tool for management to have visibility and measurement of the impact that possible outcomes will have on its operations during uncertain economic environment.
How BPM Can Help You
BPM’s business economic forecast models platforms are customized to address the specific needs of your organization. Here are some of the business economic forecast model platforms options:
- Short and long term forecast for legal or management books
- Business impact “what-if” forecast scenarios
- Sensitivity analysis of pressure points
- Calibration of business strategies and initiatives
- Ability to make internal monthly adjustments to the model
- Customized dynamic dashboard results for internal use
- Data analytics and visualization
We develop the platform using various sophisticated quantitative methods such as regression analysis, data simulations, sampling estimations and hypothesis testing, among a few.
Most of these techniques are executed with statistical software programs and computer programming languages with active semantics. Economic and business data is gathered from public and private databases and application programming interfaces (APIs).
Contact BPM’s Economic Consulting Service Team
Our team has global experience in quantitative and data analysis applied to business strategies, financial planning, tax and economic research. Contact us today to learn more about how our expertise can support your organization.