Managing Risk in Revenue Forecasts: Probabilistic Thinking

Managing Risk in Revenue Forecasts: Applying Probabilistic Thinking with Excel Part 1: The Foundations. We live in a volatile and uncertain world. However, that does not mean that local governments can't plan for the future. There are proven techniques for planning under conditions of uncertainty that have been in use for years in industries like insurance, investment planning, and risk management. Recent technological advances have brought these same techniques to issues of local government, like revenue forecasting. This webinar is the first in a series on to how you how apply these approaches. In Part 1, we will teach you how to think about risk quantitatively and probabilistically, using a pre-built risk model.
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