a. Budget Planning:
- Concept: Churches need to manage their finances carefully to support operations, maintenance, and community programs.
- Mathematical Tools: Financial planning involves budgeting and forecasting, which use algebraic models and statistical analysis to project income, expenses, and financial needs.
b. Fundraising Analysis:
- Concept: Evaluating the effectiveness of fundraising campaigns and managing donations.
- Mathematical Tools: Data analysis techniques, including regression analysis and trend forecasting, help in understanding donor behavior and optimizing fundraising strategies.
