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Course Outline

Challenges encountered by forecasters

  • Planning for customer demand
  • Managing investor uncertainty
  • Economic planning
  • Handling seasonal fluctuations in demand and utilisation
  • The roles of risk and uncertainty

Time series Forecasting

  • Seasonal adjustment
  • Moving average techniques
  • Exponential smoothing
  • Extrapolation
  • Linear prediction
  • Trend estimation
  • Stationarity and ARIMA modelling

Econometric methods (causal methods)

  • Regression analysis
  • Multiple linear regression
  • Multiple non-linear regression
  • Regression validation
  • Forecasting using regression

Judgemental methods

  • Surveys
  • Delphi method
  • Scenario building
  • Technology forecasting
  • Forecasting by analogy

Simulation and other methods

  • Simulation
  • Prediction markets
  • Probabilistic forecasting and Ensemble forecasting

Requirements

This course forms 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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