Market Forecasting Training Course

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Course Code

mrkfct

Duration Duration

14 hours (usually 2 days including breaks)

Requirements Requirements

Good Excel or other Spreadsheet knowledge

Solid Maths and Statistics knowledge

Overview Overview

Audience

This course has been created for analysts, forecasters wanting to introduce or improve forecasting which can be related to sale forecasting, economic forecasting, technology forecasting, supply chain management and demand or supply forecasting.

Description

This course guides delegates through series of methodologies, frameworks and algorithms which are useful when choosing how to predict the future based on historical data.

It uses standard tools like Microsoft Excel or some Open Source programs (notably R project).

The principles covered in this course can be implemented by any software (e.g. SAS, SPSS, Statistica, MINITAB ...)

Course Outline Course Outline

Problems facing forecasters

  • Customer demand planning
  • Investor uncertainty
  • Economic planning
  • Seasonal changes in demand/utilization
  • Roles of risk and uncertainty

Time series methods

  • Moving average
  • Exponential smoothing
  • Extrapolation
  • Linear prediction
  • Trend estimation
  • Growth curve

Econometric methods (casual methods)

  • Regression analysis using linear regression or non-linear regression
  • Autoregressive moving average (ARMA)
  • Autoregressive integrated moving average (ARIMA)
  • Econometrics

Judgemental methods

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

Simulation and other methods

  • Simulation
  • Prediction market
  • Probabilistic forecasting and Ensemble forecasting
  • Reference class forecasting

Guaranteed to run even with a single delegate!
Public Classroom Public Classroom
Participants from multiple organisations. Topics usually cannot be customised
From 2400PLN
(63)
Private Classroom Private Classroom
Participants are from one organisation only. No external participants are allowed. Usually customised to a specific group, course topics are agreed between the client and the trainer.
Private Remote Private Remote
The instructor and the participants are in two different physical locations and communicate via the Internet
From 6000PLN
Request quote

The more delegates, the greater the savings per delegate. Table reflects price per delegate and is used for illustration purposes only, actual prices may differ.

Number of Delegates Public Classroom Private Remote
1 2400PLN 6000PLN
2 2200PLN 4000PLN
3 2133PLN 3333PLN
4 2100PLN 3000PLN
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Upcoming Courses

VenueCourse DateCourse Price [Remote / Classroom]
Gdańsk, ul. Powstańców Warszawskich 45Mon, 2017-01-02 09:006000PLN / 2700PLN
Zakopane ul. Jagiellońska 30 Tue, 2017-01-03 09:006000PLN / 2700PLN
Szczecin, ul. Małopolska 23Thu, 2017-01-05 09:006000PLN / 2500PLN
Częstochowa, ul. Wały Dwernickiego 117/121Thu, 2017-01-05 09:006000PLN / 2700PLN
Gdynia, ul. Ejsmonda 2Mon, 2017-01-09 09:006000PLN / 2700PLN

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