Market Forecasting Training Course
This course has been created for analysts, forecasters wanting to introduce or improve forecasting which can be related to sale forecasting, economic forecasting, technology forecasting, supply chain management and demand or supply forecasting.
This course guides delegates through series of methodologies, frameworks and algorithms which are useful when choosing how to predict the future based on historical data.
It uses standard tools like Microsoft Excel or some Open Source programs (notably R project).
The principles covered in this course can be implemented by any software (e.g. SAS, SPSS, Statistica, MINITAB ...)
Problems facing forecasters
- Customer demand planning
- Investor uncertainty
- Economic planning
- Seasonal changes in demand/utilization
- Roles of risk and uncertainty
Time series methods
- Moving average
- Exponential smoothing
- Linear prediction
- Trend estimation
- Growth curve
Econometric methods (casual methods)
- Regression analysis using linear regression or non-linear regression
- Autoregressive moving average (ARMA)
- Autoregressive integrated moving average (ARIMA)
- Delphi method
- Scenario building
- Technology forecasting
- Forecast by analogy
Simulation and other methods
- Prediction market
- Probabilistic forecasting and Ensemble forecasting
- Reference class forecasting
Public ClassroomParticipants from multiple organisations. Topics usually cannot be customised
Private ClassroomParticipants are from one organisation only. No external participants are allowed. Usually customised to a specific group, course topics are agreed between the client and the trainer.
Private RemoteThe instructor and the participants are in two different physical locations and communicate via the Internet
The more delegates, the greater the savings per delegate. Table reflects price per delegate and is used for illustration purposes only, actual prices may differ.
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