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Course Outline
Challenges Encountered by Forecasters
- Planning for customer demand
- Managing investor uncertainty
- Strategic economic planning
- Addressing seasonal fluctuations in demand and utilization
- Understanding the roles of risk and uncertainty
Time Series Forecasting
- Seasonal adjustment techniques
- Moving average methods
- Exponential smoothing
- Extrapolation strategies
- Linear prediction models
- Trend estimation
- Stationarity concepts and ARIMA modelling
Econometric Approaches (Causal Methods)
- Regression analysis
- Multiple linear regression
- Multiple non-linear regression
- Regression validation
- Deriving forecasts from regression models
Judgemental Methods
- Conducting surveys
- The Delphi method
- Scenario building
- Technology forecasting
- Forecasting by analogy
Simulation and Additional Methods
- Simulation techniques
- Prediction markets
- Probabilistic forecasting and Ensemble forecasting
Requirements
This course forms part of the Data Scientist skill set, focusing on the domain of 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.