2.3.2 Forecasting

Forecasting is the practice of predicting future spending, usually based on a combination of historical spending and an evaluation of future plans. understanding how future cloud infrastructure and application lifecycle changes may impact current budgets and influence budget planning and future cloud investment decisions.

At the end of this module you will be able to 

• Explain the value of forecasting
• Describe the different reasons to do forecasting and what other Capabilities it supports
• Describe various models of forecasting and the reasons for using them
• Illustrate what the forecasting capability looks like at various maturity levels
• Describe the differences between forecasting for cloud and for traditional IT