Use of extrapolation to forecast the working capital in the mechanical engineering companies
No Thumbnail Available
Date
2014
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Commission of Motorization and Energetics in Agriculture
Abstract
The purpose of the article is to study the method of extrapolation, highlighting the effectiveness of the financial activity of JSC «ZAZ» and for its future development. In the process of analyzing and exploring the scientific work of many scientists, effectiveness of using the extrapolation method for
predicting performance was determined. As a result of research in the article analyzes the financial position of the enterprises of mechanical engineering in modern conditions, the efficiency of working capital in recent years determined. The feasibility of using the method of extrapolation in terms of instability of the market economy was investigated and proved. The forecast of working capital and total sales was made. It is offered to use in research the linear correlation coefficient of the pair, the method of least deviation, t – Student's criterion. Data obtained on the basis of the forecast enables
businesses to improve their performance, to compete at a high level with other entities to establish a system of sales, to avoid crises in the future, increase profits and develop programs to reduce costs. Prospects for further research in this area will improve and develop an integrated system of economic
methods on prediction performance of engineering enterprises based on current market position and variability of the environment.
Description
Keywords
method of extrapolation, trend, coefficient of linear correlation, mean approximation error
Citation
Cherep A. Use of extrapolation to forecast the working capital in the mechanical engineering companies / A. Cherep, Y. Shvets // Econtechmod : an international quarterly journal on economics in technology, new technologies and modelling processes. – Lublin ; Rzeszow, 2014. – Volum 3, number 1. – P. 23–28. – Bibliography: 21 titles.