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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Autores principales: V. V. Kookueva, A. A. Aliev, R. I. Khavich
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Lenguaje:RU
Publicado: Publishing House of the State University of Management 2021
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Acceso en línea:https://doaj.org/article/89c48c4f6a6e4c3483ccff836da840ae
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spelling oai:doaj.org-article:89c48c4f6a6e4c3483ccff836da840ae2021-12-03T07:43:37ZPractical aspects of forecasting the company’s financial performance1816-42772686-841510.26425/1816-4277-2021-8-160-167https://doaj.org/article/89c48c4f6a6e4c3483ccff836da840ae2021-10-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/3037https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415Financial 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.V. V. KookuevaA. A. AlievR. I. KhavichPublishing House of the State University of Managementarticlefinancial planningfinancial forecastingcorrelation-regression analysisextrapolation methodaverage methodfinancial conditionforecast qualityfinancial decisionsSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 1, Iss 8, Pp 160-167 (2021)
institution DOAJ
collection DOAJ
language RU
topic financial planning
financial forecasting
correlation-regression analysis
extrapolation method
average method
financial condition
forecast quality
financial decisions
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle financial planning
financial forecasting
correlation-regression analysis
extrapolation method
average method
financial condition
forecast quality
financial decisions
Sociology (General)
HM401-1281
Economics as a science
HB71-74
V. V. Kookueva
A. A. Aliev
R. I. Khavich
Practical aspects of forecasting the company’s financial performance
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
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
title Practical aspects of forecasting the company’s financial performance
title_short 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_sort practical aspects of forecasting the company’s financial performance
publisher Publishing House of the State University of Management
publishDate 2021
url https://doaj.org/article/89c48c4f6a6e4c3483ccff836da840ae
work_keys_str_mv AT vvkookueva practicalaspectsofforecastingthecompanysfinancialperformance
AT aaaliev practicalaspectsofforecastingthecompanysfinancialperformance
AT rikhavich practicalaspectsofforecastingthecompanysfinancialperformance
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