News / Blog: #finance

What is the Public Sector?

The Public Sector refers to the totality of organizations, companies and institutions that are controlled and financed by the government or public institutions. This includes state-owned enterprises, state institutions and government agencies, usually operating in areas such as health, education, social services and transport.

What does Data Driven mean?

Data Driven is a term that refers to a method of decision making that is based on data. With this method, data is used to make the best possible decision for a given problem. Data is used to identify certain trends that can lead to better outcomes. This is a popular method for achieving better results in many industries, including marketing, finance, and science.

What is a forecasting tool?

A forecasting tool is a program or system used to predict future events or outcomes. It is commonly used in various industries, including finance, marketing, business, and weather. Forecasting tools can use different types of methods and algorithms to analyze data and make predictions. These include simple statistical analysis, complex machine learning algorithms, regression analysis, and data mining techniques.

What are Markov chains?

Markov chains are a mathematical approach used to model random behavior. They are often used to simulate random processes based not only on the current situation, but also on previous events. They use probability distributions to predict how likely certain events are. This technique is commonly used in fields such as natural sciences, finance, artificial intelligence and data analysis.

What is a mathematical model?

A mathematical model is a mathematical system that mimics a real-world situation. It can use various mathematical techniques such as differential equations, statistics, probability theory, and others to solve complex problems or make predictions. Mathematical models are used in many fields such as finance, economics, ecology, astronomy and meteorology.