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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Publishing House of the State University of Management
2021
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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) |
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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 |
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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 |
_version_ |
1718373401480921088 |