Corporate forecasting with probabilistic financial statements

  title={Corporate forecasting with probabilistic financial statements},
  author={Delton L. Chesser and Pamela K. Coats},
  booktitle={Winter Simulation Conference},
Today's financial environment is a broad arena of uncertain economic, political and operational factors. Because of this, financial forecasting models are currently receiving a growing acceptance among corporations of all sizes. For the most part, however, these models are deterministic and neglect to assess the riskiness, or likelihood, of the projections fed to them. This omission may indicate model users' general unfamiliarity with risk analysis techniques. The current study illustrates the… CONTINUE READING