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Course Outline

Challenges Faced by Forecasters

  • Planning for customer demand
  • Investor uncertainty
  • Economic planning
  • Seasonal fluctuations in demand and utilisation
  • The roles of risk and uncertainty

Time Series Forecasting

  • Seasonal adjustment
  • Moving averages
  • 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 based on 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

Testimonials (2)

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