Question: Please help me with this: Why is it important for professionals in finance to have a working knowledge of some of the statistical techniques, and
Please help me with this:
Why is it important for professionals in finance to have a working knowledge of some of the statistical techniques, and analytical techniques used in financial analyses, such as:
- Forecasting
- Regression
- Decision tree analysis
- Break-even analysis
Provide rationale or examples to support your response.
Include experiences as well as 3 citations that align with or contradict your comments as sourced from:
Candio, P., & Frew, E. (2023). How much behaviour change is required for the investment in cycling infrastructure to be sustainable? A break-even analysis. PLoS ONE, 17(4), 1-14. https://doi.org/10.1371/journal.pone.0284634
Jacobson, C. (2018). The use of financial projections in solvency opinions.Business Valuation Update,24(6), 1-11.
Koller, T., Goedhart, M., & Wessels, D. (2020). Valuation: Measuring and managing the value of companies (7th ed.). John Wiley & Sons, Inc.
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