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Digitization in Controlling by Andre Grosse Kamphake
Digitization in Controlling by Andre Grosse Kamphake
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Digitization in Controlling

Forecasting Processes through Automation
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Description

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.

Author Biography:

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.
Release date Australia
January 3rd, 2020
Audience
  • Professional & Vocational
Edition
1st ed. 2020
Illustrations
17 Illustrations, black and white; XV, 70 p. 17 illus.
Pages
70
ISBN-13
9783658287405
Product ID
31990070

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