THE IMPACT OF BUSINESS ANALYTICS ON FINANCIAL FORECASTING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF BUSINESS ANALYTICS ON FINANCIAL FORECASTING
This study aims to assess the impact of business analytics on improving financial forecasting accuracy and reliability within organizations. The objectives include examining how analytics tools and techniques enhance budgeting, revenue projections, and financial risk management practices. A survey research design is employed to gather quantitative data from 300 respondents using the Taro Yamane formula to ensure a statistically significant sample size. The case study focuses on a multinational corporation in Lagos, Nigeria, known for its advanced financial analytics capabilities. The reliability coefficient score, assessed through internal consistency measures, is 0.85, indicating high reliability of the research findings. Findings indicate that business analytics play a crucial role in enhancing financial forecasting by enabling data-driven insights, scenario modeling, and predictive analytics. The study recommends that organizations integrate analytics into financial planning processes, leverage real-time data analytics tools, and invest in continuous training for finance professionals to improve forecasting accuracy and support informed decision-making.
Related Project Materials
THE INFLUENCE OF SOCIAL ENVIRONMENT ON MEDIA ETHICS AMONGST JOURNALIST
Abstract
This study sought to find out the influence of social environment on media ethics amongst jou...
DEVELOPMENT OF A MODEL FOR SUSTAINABLE ENERGY CONSUMPTION OF HEATING VENTILLATION AIR CONDITIONNG INSTALLATIONS OF HOTELS IN OWERRI, IMO STATE NIGERIA
Statement of the Problem
Decreasing the energy consumption or reducing the energy wastages of Heating Ventilation and Air Conditioning (H...
THE IMPACT OF INVESTMENT IN RENEWABLE ENERGY ON PORTFOLIO GROWTH
ABSTRACT
THE IMPACT OF INVESTMENT IN RENEWABLE ENERGY ON PORTFOLIO GROWTH
This research explores the impact of investment in re...
THE EFFECTIVENESS OF VIRTUAL INTERNSHIPS IN TECHNICAL EDUCATION
Abstract: Virtual internships have emerged as a viable alternative to traditional internshi...
THE IMPACT OF NEW COMMUNICATION TECHNOLOGY IN NIGERIA BROADCAST MEDIA
ABSTRACT
This research was an attempt to find out the impact of new communication technologies in Nigeria Broadcast medi...
IMPACT OF ADULT EDUCATION ON SOCIETAL TRANSFORMATION
Abstract: This research investigates the impact of adult education on societal transformation, focusing on its role in promoting socio-economi...
INFLUENCE OF SUPERVISION ON THE MANAGEMENT OF RESOURCES IN PUBLIC SECONDARY SCHOOLS IN NORTH-CENTRAL ZONE, NIGERIA
ABSTRACT
This study is titled “Influence of Supervision on the Management of Resources in Public Secondary Schools in North-Central...
CONCENTRATION OF LEAD, MANGANESE AND COPPER IN RAW WATER, TREATED WATER AND SOME VEGETABLE SAMPLES IN NIGERIA
ABSTRACT
Population growth and industrialization of the world has dramatically increased the overall environmental load of heavy metals....
THE PERFORMANCE OF AN AUDITOR AND AUDITING IN NIGERIA ECONOMY
BACKGROUND OF THE STUDY
An auditor of the evidence may describe an audit as an examination from which f...
ANALYSIS OF FOOD SECURITY AND POVERTY STATUS AMONG HOUSEHOLDS IN EHIME MBANO
ABSTRACT
This study analyses food security and poverty status among households in Ehime Mbano. Specifically, the study e...
