Revenue forecasting for enterprise products

A Gajewar, G Bansal - arXiv preprint arXiv:1701.06624, 2016 - arxiv.org
arXiv preprint arXiv:1701.06624, 2016arxiv.org
For any business, planning is a continuous process, and typically business-owners focus on
making both long-term planning aligned with a particular strategy as well as short-term
planning that accommodates the dynamic market situations. An ability to perform an
accurate financial forecast is crucial for effective planning. In this paper, we focus on
providing an intelligent and efficient solution that will help in forecasting revenue using
machine learning algorithms. We experiment with three different revenue forecasting …
For any business, planning is a continuous process, and typically business-owners focus on making both long-term planning aligned with a particular strategy as well as short-term planning that accommodates the dynamic market situations. An ability to perform an accurate financial forecast is crucial for effective planning. In this paper, we focus on providing an intelligent and efficient solution that will help in forecasting revenue using machine learning algorithms. We experiment with three different revenue forecasting models, and here we provide detailed insights into the methodology and their relative performance measured on real finance data. As a real-world application of our models, we partner with Microsoft's Finance organization (department that reports Microsoft's finances) to provide them a guidance on the projected revenue for upcoming quarters.
arxiv.org
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