Planning expenses in an institution with the use of the forecasting method in terms of economic security

Bartosz Kozicki, Jakub Milichiewicz and Marek Świercz

Nowoczesne Systemy Zarządzania. Modern Management Systems, 2024, issue 2, 63-72

Abstract: The article analyzes and evaluates the time series of expenses incurred in the research subject from January 2016 to December 2023. The research focused on the distribution of the analyzed data. Three regularities were detected: trend, seasonality and random factor. No outliers or extreme values were observed in the data. The distribution of the analyzed data is not normal. That was confirmed by the Shapiro–Wilk test. The expenditure forecast for 2024 is PLN 37 074 834. MAPE was 5,8%.

Keywords: planning; forecasting; costs; expenses; economic security (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aou:nszioz:y:2024:i:2:p:63-72

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