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Course Outline
Challenges for forecasters
- Planning for customer demand
- Uncertainty among investors
- Strategic economic planning
- Seasonal fluctuations in demand and resource utilization
- The interplay of risk and uncertainty
Time Series Forecasting
- Adjusting for seasonality
- Moving average techniques
- Exponential smoothing
- Extrapolation methods
- Linear prediction
- Estimating trends
- Addressing stationarity and ARIMA modelling
Econometric methods (causal methods)
- Regression analysis
- Multiple linear regression
- Multiple non-linear regression
- Validating regression models
- Generating forecasts from regression outputs
Judgemental methods
- Conducting surveys
- Applying the Delphi method
- Constructing scenarios
- Forecasting technological advancements
- Forecasting by analogy
Simulation and other methods
- Simulation techniques
- Prediction markets
- Probabilistic and ensemble forecasting
Requirements
This module is part of the Data Scientist competency framework (Domain: Analytical Techniques and Methods).
14 Hours
Custom Corporate Training
Training solutions designed exclusively for businesses.
- Customized Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
- Flexible Schedule: Dates and times adapted to your team's agenda.
- Format: Online (live), In-company (at your offices), or Hybrid.
Price per private group, online live training, starting from 2600 € + VAT*
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Testimonials (2)
The exercises.
Elena Velkova - CEED Bulgaria
Course - Predictive Modelling with R
He was very informative and helpful.