Financial forecasting and planning are foundational pillars in the world of business, essential for tasks like budgeting, decision-making, and strategic direction. By harnessing AI algorithms to automate forecast creation, the process not only becomes faster but also improves accuracy by removing human bias. This automation frees up financial analysts, allowing them to allocate their time to other significant tasks. Additionally, AI-driven forecasting introduces flexibility, enabling forecasts to be updated more frequently, such as on a monthly basis, rather than only a few times per year. Financial Planning or Resource Allocations requires causal modelling, as correlation based methods will provide inferior results.
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