Analytical study and modeling of statistical methods for financial data analysis: Theoretical aspect

Lukas Giriunas, Jonas Mackevičius, Romualdas Valkauskas

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

In order to achieve the main objective - to facilitate the analysis of financial reports and assessment of company's financial condition and activity, the analysis and modelling of usage of statistical methods becomes one of the tasks. The statistical analysis may also be treated as one of the main assessment modes of the company's financial condition or activity, which can facilitate the work of analysts significantly. The conducted analysis of scientific literature allows stating that the usage of statistical methods in the assessment of company's financial activity has not been widely analysed; besides, there are no assessment models, which would allow analysing the company's finances sufficiently precisely and quickly. Thus the objective of the scientific research presented in this article is to identify and to define clearly the theoretical aspects of modelling of statistical methods within the context of financial analysis. Therefore it is meaningful to prepare a theoretical model of financial analysis with the help of statistical methods, on the basis of which the scientists, managers of the company or other interested persons would be able to conduct the company's financial analysis sufficiently precisely and easily.

Original languageEnglish
Pages (from-to)43-48
Number of pages6
JournalJournal of Security and Sustainability Issues
Volume3
Issue number1
DOIs
Publication statusPublished - 2013
Externally publishedYes

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statistical method
Statistical methods
data analysis
modeling
Industry
technical literature
Finance
finance
statistical analysis
analysis
method
Managers
manager
human being

Keywords

  • Financial analysis
  • Financial ratios
  • Hiring subsidies
  • Methods of statistical analysis
  • Modeling
  • Taxation

ASJC Scopus subject areas

  • Safety Research
  • Renewable Energy, Sustainability and the Environment
  • Geography, Planning and Development

Cite this

Analytical study and modeling of statistical methods for financial data analysis : Theoretical aspect. / Giriunas, Lukas; Mackevičius, Jonas; Valkauskas, Romualdas.

In: Journal of Security and Sustainability Issues, Vol. 3, No. 1, 2013, p. 43-48.

Research output: Contribution to journalArticle

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