TY - JOUR
T1 - Applying the theory of chaos and a complex model of health to establish relations among financial indicators
AU - Juárez, Fernando
N1 - Copyright:
Copyright 2011 Elsevier B.V., All rights reserved.
PY - 2011
Y1 - 2011
N2 - They were applied the chaos theory and a complex model of health to determine relationships among aggregate indicators of financial statements. Cash flow, profit and loss, and assets of 70 companies in the sector of crude oil mining and natural gas in Colombia, were analyzed. Natural logs and Lorenz equation were applied to transform cash flow, profit and loss, and assets, resulting in an explained variance of 73% in the linear regression among the new complex indicators. The explained variance without transformations was 6%. However, these transformations make it more difficult to interpret the financial indicators.
AB - They were applied the chaos theory and a complex model of health to determine relationships among aggregate indicators of financial statements. Cash flow, profit and loss, and assets of 70 companies in the sector of crude oil mining and natural gas in Colombia, were analyzed. Natural logs and Lorenz equation were applied to transform cash flow, profit and loss, and assets, resulting in an explained variance of 73% in the linear regression among the new complex indicators. The explained variance without transformations was 6%. However, these transformations make it more difficult to interpret the financial indicators.
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U2 - 10.1016/j.procs.2010.12.161
DO - 10.1016/j.procs.2010.12.161
M3 - Conference article
AN - SCOPUS:79952514745
SN - 1877-0509
VL - 3
SP - 982
EP - 986
JO - Procedia Computer Science
JF - Procedia Computer Science
T2 - 1st World Conference on Information Technology, WCIT-2010
Y2 - 6 October 2010 through 10 October 2010
ER -