A Machine Learning Approach for Revving Up Revenue of Indian Tech Companies

This study addresses a critical gap in research by examining the effectiveness of various machine learning models in predicting revenue for Indian tech companies. The V.A.R, ARIMA, simple moving average, weighted moving average, and FB Prophet models were employed and their performances was compared. The findings demonstrate that FB Prophet consistently outperforms other models, exhibiting superior accuracy in revenue forecasting. This underscores FB Prophet’s potential to offer precise revenue predictions, enabling companies to gain insights into their financial health, anticipate market trends, and optimize decision-making. Future research could further enhance accuracy by incorporating economic indicators, providing a more holistic view of revenue dynamics and empowering companies to make more informed strategic decisions.