Planning library / Research
Financial research
Explore research notes on modelling assumptions, financial methods and the decisions a model supports.
Published articles
5 articles
Forecast bias and accuracy: compare the same horizon
Calculate bias, MAE and RMSE on matching forecast horizons. Understand why small average bias can hide large monthly errors.
Profit is not cash: explain the complete cash bridge
Trace $12,000 of profit to a $67,000 cash outflow. A complete worked bridge explains receivables, inventory, equipment and loan principal.
Which forecast assumptions deserve attention first?
Compare price, volume and collection timing in a worked cash forecast. See why a profitable business can still need funding.
Why a shorter cash cycle can still need more funding
See why a 15-day improvement in the cash cycle still needs $9,863 more funding when sales grow. Separate efficiency, scale and cash timing.
Why terminal value dominates a DCF
Calculate a DCF's terminal-value share and WACC/growth sensitivity, including the denominator effect that can produce a share above 100%.