FP&A Today

The Chief Forecaster will See You Now-Nate Kaemingk

Listen Later

Nate Kaemingk is Chief Forecaster for BetterForecasting.com, where he has built a financial forecasting AI for mid-market finance teams. Previously he has been a  Fractional CFO for two Montana based companies. Nate started his career as a mechanical engineer using inferential statistics to model chemical reactions in Diesel engines!  Later, during his MBA, he applied an inferential statistics background to forecasting and scenario analysis.  Nate has had the opportunity to apply these methods in roles with multiple Fortune 500 companies, including Cummins, and subsequently as CFO and Chief Forecaster at Better Forecasting. 

Episode links: www.BetterForecasting.com

Connect with Nate (LinkedIn) https://www.linkedin.com/in/nathankaemingk/

On this episode: 

  • Probabilistic Forecasting, small (not big data) and inferential statistics 
  • Rolling Forecasts vs Annual Budgets explained
  • Importance of not skipping out on the fact you need to update your plan
  • Why are we resistant to changing the budget?
  • The advantages of a rolling forecast
  • Using Leading Market Indicators 
  • DSO (Day Sales Outstanding) as a powerful forecasting example
  • How long range forecasting reveals structural issues in a business 
  • Building a driver-based model – and why it’s hard 
  • Renting an RV and touring the country for 3 years
  • Favorite Excel function
    • ...more
    View all episodesView all episodes
    Download on the App Store
    FP&A TodayBy Glenn Hopper
    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    45 ratings

    More shows like FP&A Today

    View all
    Exchanges by Goldman Sachs

    Exchanges

    962 Listeners

    The McKinsey Podcast by McKinsey & Company

    The McKinsey Podcast

    389 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    182 Listeners

    WSJ Tech News Briefing by The Wall Street Journal

    WSJ Tech News Briefing

    1,639 Listeners

    CFO THOUGHT LEADER by The Future of Finance is Listening

    CFO THOUGHT LEADER

    124 Listeners

    TED Business by TED

    TED Business

    1,105 Listeners

    Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

    Invest Like the Best with Patrick O'Shaughnessy

    2,351 Listeners

    WSJ Minute Briefing by The Wall Street Journal

    WSJ Minute Briefing

    676 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    333 Listeners

    Eat Your Crust by Crystal Jiao, Jeesoo Kim

    Eat Your Crust

    214 Listeners

    Thoughts on the Market by Morgan Stanley

    Thoughts on the Market

    1,297 Listeners

    Think Fast Talk Smart: Communication Techniques by Matt Abrahams, Think Fast Talk Smart

    Think Fast Talk Smart: Communication Techniques

    794 Listeners

    CFO Weekly by Personiv

    CFO Weekly

    44 Listeners

    WSJ's Take On the Week by The Wall Street Journal

    WSJ's Take On the Week

    143 Listeners

    FP&A Unlocked by Paul Barnhurst

    FP&A Unlocked

    25 Listeners