Proceedings of the 6th Economic & Finance Conference, OECD Headquarters, Paris

THE FINANCIAL AND ECONOMIC ANALYSIS OF THE SITUATION OF BUSINESS ENTITIES USING QUANTITATIVE METHODS

ANNA WIŚNIEWSKA-SAŁEK, SYLWIA ŁĘGOWIK-ŚWIĄCIK, KATARZYNA GRONDYS, MARCIN STĘPIEŃ

Abstract:

Examination of economic reality requires a broad spectrum of methods for the analysis of economic operators situation. Economic entities operating in the financial sector such as other economic sectors have distinct individual - specialized methods of "market recognition". Striving for the globalization and internationalization trends requires from the enterprises to undertake continuous processes, analysis and situation control, which mostly affects the financial and innovative sphere. The steps taken in this direction by the management staff, must have a basis in real performance results, which is achieved through all kinds of analysis. Quantitative methods, regardless of business sector, relatively enable to determine precisely the company condition and estimate their expected outcome. Additionally the use of non-standard economic methods for financial data, allow you to look at the situation with new "fresh" angle. The author in the article presents some mixed methods under which the managers will be able to interpret financial data based on the use of mathematical and statistical methods.

Keywords: analysis, finance, economics, quantitative methods

DOI: 10.20472/EFC.2016.006.018

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