Why do skilled professionals working in the same business often have significantly different forecasts and views of the future? Share an example from your own work experience at CVS Health where your colleagues had very different forecasts for the same item. How can we make better use of data (past performance, industry outlook, etc.) to improve our forecasts and resolve disagreements? Would performing a sensitivity analysis have helped Management understand the potential variations driven by changes in assumptions? After the forecast is complete, describe the communication process you would use to convey results and successes to stakeholders, lenders, and employees

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Skilled professionals working in the same business often have significantly different forecasts and views of the future due to various factors such as differing methodologies assumptions experiences a... View the full answer