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What Is Business Forecasting? (and How to Increase Your Forecast Accuracy)

Babelforce

Sales forecasts can project revenue for the 2022 fiscal year to determine the number of salespeople to hire. Capital forecasting. The capital forecast predicts liquid capital, cash flow, assets, and liability of a company. The law of supply and demand is crucial in call center forecasting, as in any other business field.

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The Importance of Accurate Forecasting for Omnichannel Volume

Playvox

For example, in a contact center, WFM helps maximize the use of agent labor by forecasting the volume of interactions — calls, emails, chat, ticketing, etc. — According to 2022 research by ICMI , almost half of contact centers (47%) are still manually creating forecasting models. How Does This Impact Omnichannel Forecasting?