Statistical Tools And Methods Of A Cat Corporation Forecasting

These sales trends can be sorted by geographical regions, industry specific or by an individual customer. The query selection of this type of data would only be restricted by imagination of the staff. Accounting/finance data will also be captured within this database linking accounting/finance information directly to customer data. This will allow management to pull information from sales, inventory, billing and total revenue. The data is endless; the true challenge comes from pulling information that will allow us to make decisions that lead to our strategic goals of larger market shares. I have discussed what most management would consider the backbone of business intelligence software, data management that allows us to run queries and report the queries for managing and production purposes. Information delivery is also a capability that comes from business intelligence software, information delivery can come in the form of emails that are programmed to deliver specified queries on a given day of the week or month or even daily. These same queries can be web based allowing associates to access pertinent information anywhere in the world they might be with internet access. Obviously this type of access brings up security issues, but all of the platforms that I have researched come with a very robust security program.

analysis, there are a number of methodologies or strategies that may be used for this purpose. These include

Identify and use at least two appropriate statistical analysis techniques (such as conversion of leads to sales, correlations between variables, measures of central tendency, time series analysis, etc.) to identify market trends and development based on the data that you have collected. Your report should describe why you selected the statistical analysis techniques to identify market trends and developments.

|SALES AND COST OF GOODS SOLD BY PRODUCT LINE | | | |Date: | | | |

In the case of real-time analysis dashboards have become very popular over the past five years they provide a view of key metrics to allow management by exception. Where post transaction data is being analyzed, data warehousing provides the ideal methodology for enhanced forecasting from the data. This also allows the ability to look for improvements in the supply chain, operations, and marketing to adjust processes and refine a message for marketing as part of a continuous improvement program.

Trend analysis, common-size financial statements, and ratios are presented for the Brody Corporation in Figure 5.4. Assume that you are auditing Brody 's financial statements for the year ended 12/31/X8. You have performed tests of controls over the recording of gross sales and believe that the system is operating effectively and that 7 percent represents an accurate estimate of the increase in gross sales for 20X8 over the amount for 20X7. You should also assume that the financial statements for 20X6 and 20X7 are not misstated.

Second, this design maximizes the visual and informational presentation for the financial data. Given this design, the user of the information can readily identify what items belong to a certain department, and how many items were in to arrive at the total cost for a particular item for the period. Third, given the presentation of the total amount and quantity on hand for an item, the information user can easily calculate the effective average purchase price for an item. Recommend improvements to the data table The data tables, specifically the Pivot table, may be improved on by arranging the codes chronologically; sort the data by compiling

In this brief, data tables will be analyzed because it can be critical to the accounting cycle. With accurate data that is informing, Kudler Fine Foods ought to be able to make more practical business decisions. With Kudler Fine Foods using data table to order, keep inventory, and to process their products, they can become more successful and on top of the food industry. As a company, Kudler needs to evaluate their design elements of the data tables that are needed for review from an accounting perspective. An entity relationship program would need to be developed showing the past data tables. A recommendation would need to be met for improvements or

Firm size |Sales per work |Compare to 1991 | |Large |$120,000 |gain 9% | |Medium |$84,000 |decline 11% | |Small |$80,000 |off 2% | |

Research methodology: Both field and documentation, research and information gathering data use. The field is the collection of primary data for a particular purpose, with information retrieval and manipulation of secondary data that have been collected for other purposes. The observation was made to run at different times, to observe the behavior of customers and clients. Get some of the information, both inside and outside the organization, such as sales and Internet statistics. In an effort to reduce the cost and time the sample is taking place.

Analysis of financial statements is necessary to understanding performance. According to Investopedia (2015), there are two methods of analysis, trend or horizontal analysis and vertical analysis. As horizontal analysis is a comparison over a period of time, vertical analysis compares items within a specific financial statement based on a total amount, such as assets or liabilities. Common size financial statements are utilized to conduct vertical analysis (Vitez, 2015). With the amount of comprehensive information available, business managers are better equipped to make

Purpose: To utilize new software purchased and commissioned for the extracting of data, in order to accurately forecast trends, and evaluate developed products, beneficial to our clients.

Although, sales, income and growth through expansion generally have increasing trends, there are some items that were greatly overlooked. Its profitability performance is summarized in the table below:

Being able to have a better understanding of the organization’s performance over a certain period of time is extremely beneficial. Primary way of doing this is calculating financial ratios in order to understand the overall health of the company. “Financial ratios are derived from the balance sheets and income statements and are generally divided into five major categories: profitability, liquidity, debt, asset activity, and market size. Each serves as an independent calculation, but jointly, they present a financial picture of the organization” (Argosy University, 2014, para. 1). Completing a trend analysis will give a better picture of the organizations health over the last three years and will give the organization the understanding needed to make any necessary changes.

Bottom-up approach has been used to arrive at the sales data, as the hybrid and the Top-down approaches were not possible due to lack of information on economy and industry as a whole since there have been on going