About the Course:
The purpose of forecasting is to help people improve the accuracy of their predictions and correctly estimate the uncertainty involved. The course is specifically designed to provide complete, hands-on knowledge on how to apply forecasting in business situations and using real-life data to do so.
Forecasts are needed for all future oriented decisions, from setting up inventory levels and constructing production or delivering schedules to all types of planning; from budgeting to strategic. This course covers all types of forecasting, both time series and regression, offering concrete information to business people on how to improve their accuracy and estimate their uncertainty realistically. The most important advantage of the course is its emphasis on hands-on learning by demanding participants use actual data to both predict and estimate the uncertainty of their predictions.
Participants will obtain further insights with the help of live Q&A sessions with the instructors and fellow participants.
The course is taught through online interactive sessions. The fact that they are not pre-recorded allows for live Q&A sessions with the instructor and the direct participation in the session.