Digitization in Controlling

Name: Digitization in Controlling
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783658287405
Price: 276.36 RON
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Forecasting Processes through Automation

Autor: Andre Große Kamphake

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Legare: Carte broșată

Editura: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

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Andre Große Kamphake deals with the digitization in controlling and focuses in this context on the a...

Informații despre carte

Autor

Andre Große Kamphake

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2020

Pagini

EAN

9783658287405

Enbook ID

25209780

Editura

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Greutate

454

Dimensiuni

148 x 210 x 6

Descriere completă

Andre Große Kamphake deals with the digitization in controlling and focuses in this context on the analysis of automated forecasting processes within a chemical company. He aims at outlining to what extent and how accurate forecasting processes can be automated in the age of digitization and big data. Therefore, the forecast of the working capital is put at the center since it plays a leading role for the cash collection process. Based on data from 2015 to 2018, two different forecasting models are combined to optimally predict the different components contained in the working capital. The author manages to prove that both a trained forecasting algorithm achieves a prediction accuracy of 92.49 % and statistical methods in machine learning lead to a significant increase in forecasts compared to naive forecasting models.

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Digitization in Controlling

Forecasting Processes through Automation

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Descriere completă

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