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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.
Investment

Price per private group, online live training, starting from 2600 € + VAT*

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