Predictive analytics in MMEX

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MlinMMEX
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Predictive analytics in MMEX

Post by MlinMMEX »

I would like to share an AI-generated response on "basic KPIs for predictive analytics in personal finance".
Can they be get with MMEX reports yet? would be interesting to have a special "all-in-one" page with them?

Predictive analytics in personal finance leverages historical data and advanced statistical techniques to forecast future financial trends and outcomes. The main KPIs for predictive analytics in personal finance include:
1. Savings Rate: This KPI measures the percentage of income saved, helping to predict future financial stability and goal achievement[5][8].
2. Debt-to-Income Ratio: This indicator helps forecast financial health by comparing monthly debt payments to monthly income[5][8].
3. Net Worth: Tracking net worth over time allows for predictions of long-term financial growth and wealth accumulation[5][8].
4. Monthly Expenses: Analyzing spending patterns helps predict future expenses and identify areas for potential cost-cutting[2][5].
5. Investment Growth: This KPI forecasts the performance of investments, aiding in portfolio optimization and risk assessment[4][5].
6. Emergency Fund Coverage: Predicting the adequacy of emergency savings helps ensure financial resilience in unexpected situations[5].
7. Credit Score: Monitoring credit score trends can help predict future borrowing capacity and financial opportunities[5][8].
8. Cash Flow Forecasting: This KPI predicts future cash inflows and outflows, helping to avoid financial stress and plan for upcoming expenses or investment opportunities[2][4].
9. Budget Optimization: Predictive models analyze spending patterns to forecast areas where costs can be reduced or funds reallocated[2].
10. Goal Achievement Likelihood: This KPI predicts the probability of reaching set financial goals based on current financial behavior and trends[2].
By tracking these KPIs and utilizing predictive analytics, individuals can make more informed financial decisions, set realistic goals, and ultimately improve their financial well-being[2][4].


Citations:
[1] https://www.tresastronautas.com/en/blog ... -analytics
[2] https://www.linkedin.com/pulse/masterin ... o-pmp-csm-
[3] https://www.itransition.com/predictive- ... cs/finance
[4] https://nowcfo.com/predictive-analytics ... -planning/
[5] https://www.pk-anexcelexpert.com/person ... -in-excel/
[6] https://www.klipfolio.com/blog/personal-finance-kpis
[7] https://www.onestream.com/blog/fpa-kpis/
[8] https://www.quicken.com/blog/5-personal-finance-kpis/
guangong
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Re: Predictive analytics in MMEX

Post by guangong »

thanks @MlinMMEX, I believe this is in the long-term roadmap.
MlinMMEX
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Re: Predictive analytics in MMEX

Post by MlinMMEX »

Thank you for your response... As S. Covey said... "Begin with the end in mind" would help... :)