The Art of Forecasting: Crystal Ball or Magic 8 Ball?

The core curriculum at CBS gives students the building blocks for quantitative modeling, DCF analysis, and securities valuation based on the outputs of these models. But what happens in the real world of investing? This class will build on the core’s forecasting toolkit with a more qualitative approach, and prepare you to create realistic, stress-tested, multi-dimensional cash flow forecasts for use by investors across the capital structure, with a focus on the credit side of the balance sheet, along with the assumptions that go into them. The course focuses largely on considerations for credit investors. Although it’s oriented towards those of you looking for credit analysis roles, it is also relevant for equity analysis, since many industries and companies experience downturns that require intensive cash flow and liquidity modeling in a given market cycle.