{"product_id":"digitization-in-controlling-forecasting-processes-through-automation-9783658287405","title":"Digitization in Controlling: Forecasting Processes Through Automation","description":"\u003cp\u003e • Author(s): Andre Große Kamphake\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer Gabler\u003cbr\u003e • BISAC: Management - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003eAndre 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.\u003cbr\u003e\u003cb\u003eContents\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe Challenge of Digitalization Projects\u003c\/li\u003e\n\u003cli\u003eOptimization of Working Capital Management\u003c\/li\u003e\n\u003cli\u003eProceeding for Data-Driven Data Mining Forecasts\u003c\/li\u003e\n\u003cli\u003eApplication of the Decision Tree Algorithm C 5.0\u003c\/li\u003e\n\u003cli\u003eImplementation of the ARIMA Time Series Model\u003c\/li\u003e\n\u003cli\u003eCombination of Forecasting Methods Aiming Better Results\u003c\/li\u003e\n\u003c\/ul\u003e\u003cb\u003eTarget Groups\u003c\/b\u003e\u003cul\u003e\n\u003cli\u003eLecturers and students of management, corporate governance, controlling\u003c\/li\u003e\n\u003cli\u003eControllers and data scientists\u003c\/li\u003e\n\u003c\/ul\u003e\u003cb\u003eThe Author\u003c\/b\u003eAfter successfully completing his master's degree in business administration in major Finance at the University of Cologne, Germany, \u003cb\u003eAndre Große Kamphake\u003c\/b\u003e works as a controller in the field of business development with a focus on reporting and data analysis.\u003cbr\u003e","brand":"Springer","offers":[{"title":"Paperback","offer_id":45277448142999,"sku":"9783658287405","price":3639.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783658287405.webp?v=1769288396","url":"https:\/\/atlanticbooks.com\/products\/digitization-in-controlling-forecasting-processes-through-automation-9783658287405","provider":"Atlantic Books","version":"1.0","type":"link"}