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Course Outline
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
- Extrapolation
- 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)
- Econometrics
Judgemental methods
- Surveys
- Delphi method
- Scenario building
- Technology forecasting
- Forecast by analogy
Simulation and other methods
- Simulation
- Prediction market
- Probabilistic forecasting and Ensemble forecasting
- Reference class forecasting
Requirements
Good Excel or other Spreadsheet knowledge
Solid Maths and Statistics knowledge
14 Hours
Delivery Options
Private Group Training
Our identity is rooted in delivering exactly what our clients need.
- Pre-course call with your trainer
- Customisation of the learning experience to achieve your goals -
- Bespoke outlines
- Practical hands-on exercises containing data / scenarios recognisable to the learners
- Training scheduled on a date of your choice
- Delivered online, onsite/classroom or hybrid by experts sharing real world experience
Private Group Prices RRP from €4560 online delivery, based on a group of 2 delegates, €1440 per additional delegate (excludes any certification / exam costs). We recommend a maximum group size of 12 for most learning events.
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Public Training
Please see our public courses