Kazan (Volga region) Federal University, KFU
KAZAN
FEDERAL UNIVERSITY
 
MODELING OF FORECASTING OF THE FIRM FINANCIAL INDICATORS PERFORMANCE
Form of presentationArticles in international journals and collections
Year of publication2017
Языканглийский
  • Kirshin Igor Aleksandrovich, author
  • Tretyakova Anastasiya Aleksandrovna, author
  • Bibliographic description in the original language Igor Aleksandrovich Kirshin. MODELING OF FORECASTING OF THE FIRM FINANCIAL INDICATORS PERFORMANCE / I.A.Kirshin, A.A. Tretyakova / QUID-INVESTIGACION CIENCIA Y TECNOLOGIA. - 2017. - Special Issue N?1- P. 1501-1507. ISSN: 1692-343X, Medellín-Colombia
    Annotation The modeling of forecasting of the firm financial indicators performance by means of extrapolation method on the basis of polynomial function is carried out in the article. The authors empirically prove that the polynomial trend accurately reflects the dynamics of the firm's revenue with the seasonal nature of sales. For forecasting revenue, characterized by seasonal dynamics, the article developed an algorithm for constructing a model. For the purpose of approbation of the author's forecasting algorithm, the revenue forecast was modeled according to quarterly reports of Plant of Electrical Installation Products (PEIP) TatelectromontazhJSC for the period 2014 – 2016. Based on the obtained modeling results, the authors proved that modeling with the use of a polynomial trend provides a high-quality forecast of the dynamics of the firm's revenue in the conditions of a dynamically changing external environment.
    Keywords additive forecasting model, multiplicative prediction model, polynomial trend, seasonal and cyclical fluctuations
    The name of the journal QUID
    Please use this ID to quote from or refer to the card https://repository.kpfu.ru/eng/?p_id=167139&p_lang=2
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