Making Predictions: Plan for the Future (2 hours)

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Apr 17, 2020

Registration: 6:30 AM / Program: 7:00 AM - 9:00 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

We all make predictions in our personal and professional lives. We base our decisions to marry, buy a house, launch a new product or hire staff on expectations about the future. In the past few years, research into improving predictions has advanced. We will look at this research and current best practices in forecasting to help us prepare better budgets and projections.

Designed For

CFOs, Controllers, Budget Managers and other professionals who work on budgets and forecasts

Objectives

Better understand factors which can cause predictions to be wrong.

Major Subjects

  • Why great predictions are not intuitive but the result of critical thinking, gathering information and updating predictions when needed
  • How to separate correlation from causation
  • How to recognize and overcome bias
  • Who is Thomas Bayes and why he matters

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.