Bottom-up forecasting (video)

What is 'bottom-up' forecasting?

'Bottom-up' forecasting is building a forecast from your data up to the larger forecast. This enables you to have granular control over your forecast and will make your forecast more precise and meaningful. 

The way we create a bottom up forecast in sherloc is by linking the business data to our income statement or balance sheet.  To do this we will use the assumption builder and create the linkages between our business data and our forecast. As this assumption relies on your business data, updating the assumption can be achieved by updating the relevant figures in your business data.