One of the key jobs of a CFO is to provide a forecast for financial performance. So, how is AI going to change this job? We will build on what we know about finance in terms of helping with financial projections for accounting rules between items and add the predictive capability of our age to improve it.
As the CFO of the listed firm, one of our key aspects is to provide management and analyst guidance for forward-looking financials. Hypothetical data is handcrafted by the author. This seeks to emulate what the accounting system looks like.
In this section, we will look at how to forecast the financial performance of the firm.
Implementation steps
In this section, we will learn how to derive financial performance forecasts using macroeconomic scenarios. The steps are as follows:
- Initialize the tickers in each industry by loading them from CSV files and importing...