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Data Driven Decision Making: Application in Finance
Subject area: Management and Commerce · Area of research: Finance
Abstract
The data, unless processed may not be reveal its story. It is the job of data analyst to process the raw data for some meaningful purpose so that it can be used for the decision making. Every dataset has its own story to tell. However, it is the science and art (both at the same time) of the data analysis to use the dataset effectively for the benefit of all the stakeholders of the corporate world. The application of data analysis in finance functional area is equally important. Financial data analysis (FDA) may differ from the marketing-based data analysis because of dominance of secondary data and time series data. However, the basic tenets of the data analysis prevail even for FDA as well.
Keywords
Cross-sectional data; Time-series Data; Panel Data; Volatility; Decision.
How to cite this paper
@article{1703510,
author = {Rahul Singh Gautam, Venkata Mrudula Bhimavarapu},
title = {Data Driven Decision Making: Application in Finance},
journal = {Iconic Research And Engineering Journals},
year = {2022},
volume = {5},
number = {12},
pages = {52-56},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1703510.pdf},
abstract = {The data, unless processed may not be reveal its story. It is the job of data analyst to process the raw data for some meaningful purpose so that it can be used for the decision making. Every dataset has its own story to tell. However, it is the science and art (both at the same time) of the data analysis to use the dataset effectively for the benefit of all the stakeholders of the corporate world. The application of data analysis in finance functional area is equally important. Financial data analysis (FDA) may differ from the marketing-based data analysis because of dominance of secondary data and time series data. However, the basic tenets of the data analysis prevail even for FDA as well.},
keywords = {Cross-sectional data; Time-series Data; Panel Data; Volatility; Decision.},
month = {June},
}