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How to Use Economic and Financial Forecasts Effectively

Forecasting is an increasingly important tool in guiding corporate strategy, influencing production, inventory, purchasing, accounting, marketing, finance and acquisitions decisions. As a critical part of making informed business decisions, you need to know what constitutes a well-developed forecast and how to make effective use of it. During this OnDemand Webinar you will learn about various forecasting methods and their pros and cons. Focusing on the application and practical use of such techniques, rather than theoretical aspects, we will examine the characteristics of a sound company forecasting process and how to deliver credible results to senior management and investors. You will also learn about the role of forecasts in litigation. For example, a damages expert may rely on sales and revenue forecasts to estimate financial performance "but-for" the conduct challenged in litigation, or a particular forecast may be at the center of the litigation, such as a missed earnings forecast in a securities fraud case or financial forecasts in a valuation dispute.


Runtime: 89 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Characteristics of a Well-Functioning Forecasting Process

  • Multiple Information Sources
  • Negotiation, and Checks and Balances
  • Historical Validation - Understanding Forecast Error

The Role of Econometric Modeling in Forecasting

  • Basic and Advanced Forecasting Techniques
    • Smoothing Techniques, Regression Models and the Advanced Time Series Models
    • Strengths and Weaknesses
  • Practical Applications
    • Using a Forecasting Model That Fits Your Business and Fits Practical Constraints
    • How to Communicate Forecasts to Management and Investors

Forecasting in Litigation

  • Analyzing a Missed Forecast
  • Comparing Alternate Forecast Methodologies
  • Using a Forecast to Calculate Damages
  • Presenting Testimony on Economic and Financial Forecasts at Trial
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 13, 2011.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James Rosberg, Ph.D.

James Rosberg, Ph.D.

Analysis Group, Inc.

  • Vice president at Analysis Group, Inc. in San Francisco
  • Advises clients on finance and health care economics
  • Advises senior executives on economic and strategic issues, and supports experts and attorneys in all phases of litigation
  • Worked in a wide variety of industries, including financial services, health care, media, professional sports and telecommunications
  • Supported leading experts in several major securities cases with billions of dollars of exposure and advising investors in a $700 million private equity transaction
  • Particular expertise in the analysis of fixed income securities and credit quality
  • Experience with economic and financial forecasting includes developing sales forecasting models and other financial projections, and analyzing companies’ forecasting processes
  • Before joining Analysis Group, he was a consultant at The Parthenon Group, and taught at Dartmouth College and Boston College
  • Ph.D. degree, in political science, Massachusetts Institute of Technology
  • M.B.A. degree in finance, Sloan School of Management, Massachusetts Institute of Technology
  • Can be contacted at [email protected]
David Sosa, , Ph.D.

David Sosa, , Ph.D.

Analysis Group, Inc.

David W. Sosa, Ph.D.

  • Vice president at Analysis Group, Inc. in San Francisco
  • Focuses on the application of economic and statistical principles to firms, industries and markets
  • Provided clients with damages and valuation analyses in a broad range of litigation matters, including antitrust, intellectual property, securities fraud, employment and commercial contracts
  • Work has spanned industries such as computer software, publishing, air freight and video rentals
  • Provided clients with damages and valuation analyses in a broad range of litigation matters, including consumer class action suits, intellectual property, employment and commercial contracts
  • Served as an expert witness before several state and federal agencies
  • Before joining Analysis Group, he consulted to the California Energy Commission and Telcordia
  • Ph.D. degree and M.S. degree in agricultural and resource economics from the University of California, Davis
  • DEUG degree in economics from the University de Grenoble in France
  • B.S. degree from Bucknell University
  • Can be contacted at [email protected]
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Product ID: 387468
Published 2011, 2018
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