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What is the difference between planning, budgeting and forecasting for a business?

Spreadym

It is a tool used to anticipate the financial performance of a business or a specific project. Forecasts can be short-term or long-term and are usually based on assumptions about factors like market conditions, customer behavior, economic trends, and internal capabilities.

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Credit Model Validation Solves For Shortcomings In Scoring

PYMNTS

The truth is more nuanced: A credit score evaluates a consumer’s risk of defaulting on a loan (i.e., That, said Sarah Davies , senior vice president of product development and analytics at VantageScore , is why it’s so critical that credit models have sensitivity to changing data and are refreshed over time. “You