Financial forecasting as a tool to improve the financial management performance of an enterprise. Case study of Sidi Argis Mills Corporation Oum El Bouaghi

Abstract

This study aims to demonstrate the importance of applying financial forecasting as a tool to improve the financial management performance of the economic institution. A simple self-regression model has been used to forecast sales of Sidi Argis Foundation products in Oum El Bouaghi as an applied study of the topic. Through statistical analysis of the model data, the predicted results in their entirety were positive, as they contribute to improving the performance of the financial management of the organization and help in taking appropriate decisions to determine the required goals, whether in the short or medium term.