Financial Models
Strengthening Risk Management with Data
Summary of Sales Performance Data
Improve Project Management through Data
Data Sources
Using Statistical Analysis for Operational Decisions
Forecasting Customer Demand Using Analytics
Classification
Strengthening Risk Management with Data 
Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future risks based on historical data
...should consider the following steps: Data Collection: Gather relevant data from internal and external sources, including
financial records, market trends, and operational metrics
...
Summary of Sales Performance Data 
Predictive Analytics: This method uses statistical
models and machine learning techniques to forecast future sales performance based on historical data
...Financial Statements: Company financial documents that reflect sales revenue and other financial metrics
...
Improve Project Management through Data 
Predictive Analytics: Uses statistical
models and machine learning techniques to predict future project outcomes
...involves several steps: Data Collection: Gather relevant data from various sources, including project management tools,
financial systems, and team feedback
...
Data Sources 
Financial Data Secondary Financial performance analysis, risk assessment, and investment strategies
...The quality and quantity of data directly affect the performance of machine learning
models ...
Using Statistical Analysis for Operational Decisions 
Risk Management Statistical
models can help in identifying and mitigating risks associated with operational decisions
...4
Financial Analysis In finance, statistical analysis assists in risk assessment, portfolio management, and performance evaluation
...
Forecasting Customer Demand Using Analytics 
Financial Planning: Supports budgeting and financial forecasting, enabling better cash flow management
...Analytics Prescriptive analytics plays a crucial role in demand forecasting by providing actionable insights based on predictive
models ...
Classification 
aspects of classification, including its types, algorithms, applications in business, and the evaluation of classification
models ...Fraud Detection:
Financial institutions use classification to identify fraudulent transactions by analyzing patterns in transaction data
...
Statistics 
Financial Analysis: Evaluating financial performance and risk assessment
...Overfitting: Creating overly complex
models that do not generalize well to new data
...
Using Machine Learning for Competitive Advantage 
Analytics: By predicting future trends based on historical data, organizations can optimize inventory, forecast sales, and improve
financial planning
...Fraud Detection: Machine learning
models can identify unusual patterns and behaviors in transactions, helping businesses mitigate risks associated with fraud
...
Domain 
Improved Model Performance: In machine learning and predictive analytics,
models trained on domain-specific data tend to perform better due to the inclusion of relevant features
...Examples of Applications Finance Involves the management and analysis of
financial data
...
Selbstständig machen z.B. nebenberuflich!
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...