An Empirical Assessment Of Business Forecasting Techniques: A Study On Forecasting Bank Profit In Nigeria

📄 Project Abstract

Banking environment by its very nature is volatile, uncertain & risky. Due to sudden changes in monetary policies, interests and other variables, banks are placed in a serious position with regards to designing policy measures to deal vi ii with these events as and when they arise so that they can take advantages of situations and also get protected from severe shocks of the environmental changes and risks. Like any other business entity, a bank should be able to anticipate with some level of accuracy, those changing variables that affect its earnings/loss and by extension; its existence so that it can take appropriate decisions to deal with the emerging situations in which it finds itself. Similarly owing to problems of volatility in exchange rate, assets, deposit and level of earning , loss of confidence in the sector developed and the banks and monetary authorities are looking for policies or combination of techniques that could help them turn this ugly situation around. Against thi...