Digitization in Controlling: Forecasting Processes through Automation: BestMasters
Autor Andre Große Kamphakeen Limba Engleză Paperback – 3 ian 2020
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Specificații
ISBN-13: 9783658287405
ISBN-10: 3658287403
Pagini: 70
Ilustrații: XV, 70 p. 17 illus.
Dimensiuni: 148 x 210 mm
Greutate: 0.11 kg
Ediția:1st ed. 2020
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Seria BestMasters
Locul publicării:Wiesbaden, Germany
ISBN-10: 3658287403
Pagini: 70
Ilustrații: XV, 70 p. 17 illus.
Dimensiuni: 148 x 210 mm
Greutate: 0.11 kg
Ediția:1st ed. 2020
Editura: Springer Fachmedien Wiesbaden
Colecția Springer Gabler
Seria BestMasters
Locul publicării:Wiesbaden, Germany
Cuprins
The Challenge of Digitalization Projects.- Optimization of Working Capital Management.- Proceeding for Data-Driven Data Mining Forecasts.- Application of the Decision Tree Algorithm C 5.0.- Implementation of the ARIMA Time Series Model.- Combination of Forecasting Methods Aiming Better Results.
Notă biografică
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.
Textul de pe ultima copertă
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.
Contents
- The Challenge of Digitalization Projects
- Optimization of Working Capital Management
- Proceeding for Data-Driven Data Mining Forecasts
- Application of the Decision Tree Algorithm C 5.0
- Implementation of the ARIMA Time Series Model
- Combination of Forecasting Methods Aiming Better Results
Target Groups
- Lecturers and students of management, corporate governance, controlling
- Controllers and data scientists
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.