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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

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Price per participant

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