Investigator: Keith Carter.
Balance Sheet is one of the vital financial elements which displays the health of any organization and is often called “statement of financial position”. For this project, three main balance sheet items – “Accounts Receivable”, “Accounts Payable” and “Inventories” are forecasted using Machine Learning. A comparison is made with Conventional and Time Series forecasting techniques that demonstrate the effectiveness of Machine Learning for forecasting. In the majority of the cases, the Machine Learning techniques surmounts the conventional methods of forecasting.