Budgeting Projections

Budgeting Projections Student’s Name Institutional Affiliation Budgeting Projections The Organization Ortovox is a renowned online retail outlet that specializes in outdoor gear and apparel. The nature of the products that Ortovox offers means that its sales volumes fluctuate seasonally. During the spring and summer months, the sales are higher as opposed to during winter and fall. To that extent, the organization must invest in effective sales projection strategies to understand the needs of its customers across the seasons. Projecting Sales For budget purposes, various strategies can be deployed to project Ortovox’s sales in the upcoming year. The first technique to consider should be historical data analysis. Trend analysis, for instance, fosters the use of trends such as seasonal patterns, cyclical fluctuations, and growth rates to predict future sales (Harris, 2022). The financial analysis at Ortovox can emp...