Financial Analytics and Decision-Making Strategies: Future Prospects from Bibliometrix Based on R Package
Konstantina Ragazou (),
Ioannis Passas (),
Alexandros Garefalakis () and
Constantin Zopounidis ()
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Konstantina Ragazou: Hellenic Mediterranean University
Ioannis Passas: Hellenic Mediterranean University
Alexandros Garefalakis: Hellenic Mediterranean University
Constantin Zopounidis: Technical University of Crete
A chapter in Essays on Financial Analytics, 2023, pp 159-173 from Springer
Abstract:
Abstract Financial analytics involves the analysis of financial data by using statistical and quantitative methods to make decisions that improve businesses’ results. Specifically, this system includes data mining, predictive analytics, and applied analytics and statistics and is delivered as a custom application to a business user. The integration of financial analytics by companies has already started changing their operational process while giving them the ability to leverage data from different sources, create easy-to-use dashboards, and visualize and predict future performance tools. This means that financial analytics offers the business a competitive edge and facilitates more the decision-making process. This chapter presents the importance of financial analytics and highlights the trends and prospects of it in the subject area of the decision-making process. To approach this issue, a Bibliometrix was applied based on R package. Data were retrieved from Scopus database and analyzed with the use of Biblioshiny and VOSviewer software.
Keywords: Financial analytics; Decision-making process; Sustainability; Multiple criteria decision-making; Strategy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-3-031-29050-3_9
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DOI: 10.1007/978-3-031-29050-3_9
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