Practical aspects of forecasting the company’s financial performance
Financial planning and forecasting are important functions of financial managers, analysts and are important in making management decisions. Long-term growth and strengthening of the company’s position in the market are impossible without high-quality financial planning. Improving the quality of for...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2021-10-01
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| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/3037 |
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| _version_ | 1832541696369360896 |
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| author | V. V. Kookueva A. A. Aliev R. I. Khavich |
| author_facet | V. V. Kookueva A. A. Aliev R. I. Khavich |
| author_sort | V. V. Kookueva |
| collection | DOAJ |
| description | Financial planning and forecasting are important functions of financial managers, analysts and are important in making management decisions. Long-term growth and strengthening of the company’s position in the market are impossible without high-quality financial planning. Improving the quality of forecasting requires a thorough analysis of the application of various methods and techniques. The article considers the methodological problems of forecasting key financial indicators related to forecasting the final results of the company. The algorithm for creating refined factor predictive models of financial indicators has been presented and tested. Based on the combined application of various economic and mathematical methods, the forecasting method has been improved, which makes it possible to reduce the forecast error, which in turn allows us making more accurate financial decisions. |
| format | Article |
| id | doaj-art-89c48c4f6a6e4c3483ccff836da840ae |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2021-10-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-89c48c4f6a6e4c3483ccff836da840ae2025-02-04T08:28:09ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152021-10-011816016710.26425/1816-4277-2021-8-160-1672134Practical aspects of forecasting the company’s financial performanceV. V. Kookueva0A. A. Aliev1R. I. Khavich2Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsFinancial planning and forecasting are important functions of financial managers, analysts and are important in making management decisions. Long-term growth and strengthening of the company’s position in the market are impossible without high-quality financial planning. Improving the quality of forecasting requires a thorough analysis of the application of various methods and techniques. The article considers the methodological problems of forecasting key financial indicators related to forecasting the final results of the company. The algorithm for creating refined factor predictive models of financial indicators has been presented and tested. Based on the combined application of various economic and mathematical methods, the forecasting method has been improved, which makes it possible to reduce the forecast error, which in turn allows us making more accurate financial decisions.https://vestnik.guu.ru/jour/article/view/3037financial planningfinancial forecastingcorrelation-regression analysisextrapolation methodaverage methodfinancial conditionforecast qualityfinancial decisions |
| spellingShingle | V. V. Kookueva A. A. Aliev R. I. Khavich Practical aspects of forecasting the company’s financial performance Вестник университета financial planning financial forecasting correlation-regression analysis extrapolation method average method financial condition forecast quality financial decisions |
| title | Practical aspects of forecasting the company’s financial performance |
| title_full | Practical aspects of forecasting the company’s financial performance |
| title_fullStr | Practical aspects of forecasting the company’s financial performance |
| title_full_unstemmed | Practical aspects of forecasting the company’s financial performance |
| title_short | Practical aspects of forecasting the company’s financial performance |
| title_sort | practical aspects of forecasting the company s financial performance |
| topic | financial planning financial forecasting correlation-regression analysis extrapolation method average method financial condition forecast quality financial decisions |
| url | https://vestnik.guu.ru/jour/article/view/3037 |
| work_keys_str_mv | AT vvkookueva practicalaspectsofforecastingthecompanysfinancialperformance AT aaaliev practicalaspectsofforecastingthecompanysfinancialperformance AT rikhavich practicalaspectsofforecastingthecompanysfinancialperformance |