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Course Outline
Challenges encountered by forecasters
- Planning for customer demand
- Uncertainty among investors
- Economic planning
- Seasonal fluctuations in demand or utilization
- The impact of risk and uncertainty
Time Series Forecasting
- Seasonal adjustment
- Moving average techniques
- Exponential smoothing
- Extrapolation methods
- Linear prediction models
- Estimating trends
- Stationarity and ARIMA modelling
Econometric methods (causal approaches)
- Regression analysis
- Multiple linear regression
- Multiple non-linear regression
- Validating regression models
- Generating forecasts from regression results
Judgemental methods
- Surveys
- The Delphi method
- Scenario building
- Technology forecasting
- Forecasting by analogy
Simulation and other techniques
- Simulation
- Prediction markets
- Probabilistic forecasting and Ensemble forecasting
Requirements
This course is an integral part of the Data Scientist skill set (Domain: Analytical Techniques and Methods).
14 Hours
Testimonials (2)
The exercises.
Elena Velkova - CEED Bulgaria
Course - Predictive Modelling with R
He was very informative and helpful.