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Forescribe Glossary

What is Budget Accuracy Index?

Budget Accuracy Index is a proprietary score that measures how closely predicted spend aligns with actual spend, helping gauge financial planning performance.

Why it Matters

This score helps organizations improve forecasting practices by tracking prediction reliability and highlighting areas where budget estimation needs refinement.

Benefits

  • Tracks forecast vs. actuals
  • Helps refine budget models
  • Department and org level scores
  • Supports quarterly or monthly scoring
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