Digitization in Controlling: Forecasting Processes through Automation (BestMasters)
Language: English
Published by Springer Gabler, 2020
Series: Book 84 of 91 - BestMasters
- Softcover
- New
Seller: Ria Christie Collections, Uxbridge, United KingdomRia Christie Collections
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In English.
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- Title
- Digitization in Controlling: Forecasting Processes through Automation (BestMasters)
- Author
- Große Kamphake, Andre
- Publisher
- Springer Gabler
- Publication year
- 2020
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 3658287403
- ISBN 13
- 9783658287405
- Item weight
- 237 grams
- Series
- Book 84 of 91: BestMasters
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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About the Author
After successfully completing his master's degree in business administration in major Finance at the University of Cologne, Germany, Andre Große Kamphake works as a controller in the field of business development with a focus on reporting and data analysis.
"About the title" may belong to another edition of this title.
Ria Christie Collections
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