Market Forecasting Training Course
Target Audience
This course is designed for analysts and forecasters who wish to introduce or enhance their forecasting capabilities, with applications in sales forecasting, economic forecasting, technology forecasting, supply chain management, and demand or supply forecasting.
Course Description
This course leads participants through a variety of methodologies, frameworks, and algorithms that are essential for making accurate predictions based on historical data.
The instruction utilizes standard tools such as Microsoft Excel and various Open Source programs, particularly the R programming language.
The principles taught in this course can be applied using any compatible software, such as SAS, SPSS, Statistica, or MINITAB.
This course is available as onsite live training in Serbia or online live training.Course Outline
Challenges Faced by Forecasters
- Customer demand planning
- Investor uncertainty
- Economic planning
- Seasonal fluctuations in demand and utilization
- The role of risk and uncertainty
Time Series Methods
- Moving average
- Exponential smoothing
- Extrapolation
- Linear prediction
- Trend estimation
- Growth curve analysis
Econometric Methods (Causal Methods)
- Regression analysis using linear or non-linear regression
- Autoregressive moving average (ARMA)
- Autoregressive integrated moving average (ARIMA)
- Econometrics
Judgemental Methods
- Surveys
- Delphi method
- Scenario building
- Technology forecasting
- Forecasting by analogy
Simulation and Other Methods
- Simulation
- Prediction markets
- Probabilistic forecasting and Ensemble forecasting
- Reference class forecasting
Requirements
Strong proficiency in Excel or other spreadsheet software.
Solid understanding of mathematics and statistics.
Open Training Courses require 5+ participants.
Market Forecasting Training Course - Booking
Market Forecasting Training Course - Enquiry
Market Forecasting - Consultancy Enquiry
Testimonials (4)
Mr Andrew easily understood and responded so well to participants' answers.
Junaidah Ahmad - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
- I finally can implement the right analysis method to what I currently work on. - Discussion on general issues (worldwide) which is related to the training topic.
Lizawati Pati - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
1.The presentation style of Mr. Andrew, engaging with the style of audience.
MUHAMMAD ZAID SALMAN - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
Trainer's subject knowledge was such that complex subjects seemed easy, and he genuinely inspired me with enthusiasm for the topic. My session worked out as 1:1, and it was a real privilege to get the benefit of such a high caliber of trainer in the context of personal tuition.. . Hancock International.
Course - Market Forecasting
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