What is rolling forecast? - Definition from WhatIs.com
Part of the Business terms glossary:

A rolling forecast is an add/drop process for predicting the future over a set period of time. Rolling forecasts are often used in long-term weather predictions, project management, supply chain management and financial planning.

If, for example, an organization needs to anticipate operating expenses a year in advance, the rolling forecast's set period of time would be 12 months. After the first month had passed, that month would be dropped from the beginning of the forecast and another month would be added to the end of the forecast. A rolling forecast's first in/first out (FIFO) process ensures that the forecast always covers the same amount of time. Because a rolling forecast window requires routine revisions, it is sometimes referred to as a continuous forecast or an iterative forecast  

Rolling forecasts can be contrasted with static forecasts and recursive forecasts. Static forecasts use a count-down process. A static forecast for an organization’s yearly operating expenses, for example, would still cover 12 specific months -- but once those 12 months had passed, the first forecast would be discarded and an entirely new forecast would be created for the next 12 months. Recursive forecasts, on the other hand, simply add more time to the initial forecast while keeping the same start date.

See also: fiscal year

This was last updated in November 2013
Contributor(s): Ivy Wigmore
Posted by: Margaret Rouse

Related Terms

Definitions

  • core competency

    - A core competency is fundamental knowledge, ability or expertise in a specific subject area or skill set. Learn about identifying and developing core competencies and models as part of a larger cor... (SearchCIO.com)

  • exit strategy

    - An exit strategy is a planned approach to terminating a situation in a way that will maximize benefit or minimize damage. (WhatIs.com)

  • online customer community

    - Online customer communities are Web-based gathering places for customers, experts, and others to discuss problems, post reviews, brainstorm, and engage with one another. (SearchCRM.com)

Glossaries

  • Business terms

    - Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

  • Internet applications

    - This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Ask a Question. Find an Answer.Powered by ITKnowledgeExchange.com

Ask An IT Question

Get answers from your peers on your most technical challenges

Ask Question

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.