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Forecasting Business Data With National Accounts Statistics
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|It is often the case that corporate financial data is required to be forecasted for business planning purposes.|
Regression analysis can be used to determine which external variables possess a statistically significant relationship with the financial data to be subsequently used in forecasting processes.
It is often the case that national economic statistics such as gross domestic product (GDP) is correlated with sales and revenue growth drivers.
Business Spreadsheets has, therefore, dedicated a page here to outline how to access national accounts statistics (including GDP) and import them into Excel based applications for the purpoese of business forecasting.
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Categories: Forecasting and Prediction