Forecasting Models From A to Z

This course covers forecasting methods, model selection, and quality evaluation using specialized software for predictions.

introduction

Forecasting Models From A to Z

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For who?

We recommend this course if you:

This course is for:

  • Data Scientists interested in mastering forecasting methods and differentiating them from machine learning models.
  • Business Analysts who need to apply forecasting techniques for better decision-making and near-future predictions.
  • Operations Managers looking to improve demand planning, inventory forecasting, or resource allocation.
  • Researchers focusing on time-series analysis and forecasting methodologies for academic or professional projects.
  • Consultants who want to offer forecasting expertise to businesses in various industries.
  • Students and Aspiring Data Professionals wanting to build expertise in forecasting models and time series analysis.

By the end of the course, participants will be able to effectively select and apply forecasting models using specialized software.

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features

Advantages and features of the course:

Workshop Overview

There is often confusion between forecasting methodologies and predictive modeling using supervised machine learning algorithms. While the latter relies on external information for its predictions, forecasting uses its own data.

This workshop aims to provide a comprehensive understanding of all forecasting methods and how to apply them for near-future predictions. It will cover basic models and then explore the evolution of various methods, enabling participants to use them effectively. Understanding all quality indicators will help participants select the best forecasting model for their businesses.

Learning Outcomes

  • Compare forecasting with supervised machine learning.
  • Learn how to select between forecasting models
  • Evaluate the relationship between the future and the past.
  • Measure the impact of the past on the near future
  • Analyze all forecasting methods and their evolution.
  • Develop all analytical models for estimation.
  • Master the precision measures of models’ quality.
  • Select the best forecasting model.
  • Apply models with specialized software.

Duration 4 days

Day 1:

- Linear and Polynomial trends

- Exponential, Power, and Logarithm trends.

Day 2:

- Averaging and Moving Averages.

Day 3: Exponential Smoothing

- Simple, Double, and Triple models in exponential smoothing.

Day 4:

- Time Series

- ARIMA and Box Jenkins method

What will it be about?

- Comprehensive colored PPT documents.

- Supervised ML vs. Forecasting approach.

- Stationary, Additive, and Multiplicative models.

- Proprietary tools solutions.

- Quality measures of forecasting models.

- "White Noise” data.

- All-in-one solution method.

- Selecting the Fit model.

- Forecasting or Linear Regression?

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COACHEs

Teacher leading this course

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We believe the solution lies at the intersection of education and technology innovation.
About coach
certificate

It is difficult to obtain.
And it is valued by employers.

We have partnerships with international
professional organizations that specialize in professional training and have unique and up-to-date quality programs for our students.

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