Undergraduate Certificate in Forecasting Analysis
-- ViewingNowThe Undergraduate Certificate in Forecasting Analysis is a comprehensive course that equips learners with critical skills in demand across various industries. This certificate program emphasizes statistical techniques, data analysis, and predictive modeling, empowering students to make informed decisions based on data-driven forecasts.
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โข Introduction to Forecasting Analysis: Basics of forecasting, types of forecasting methods, importance and applications of forecasting.
โข Time Series Analysis: Components of time series data, autocorrelation, moving averages, seasonality and trends.
โข Statistical Forecasting Methods: Simple and multiple linear regression, ARIMA models, exponential smoothing.
โข Quantitative Forecasting Techniques: Probability distributions, Monte Carlo simulation, queuing theory.
โข Judgmental Forecasting Methods: Executive opinions, sales force composite, historical analogy, scenario analysis.
โข Forecasting Software and Tools: Overview of popular forecasting software, hands-on experience with at least one tool.
โข Forecasting in Supply Chain Management: Demand forecasting, inventory management, supply chain optimization.
โข Forecasting in Financial Markets: Stock price prediction, risk analysis, portfolio optimization.
โข Forecasting in Human Resources: Workforce planning, talent acquisition, employee retention.
โข Evaluation of Forecasting Models: Model validation, accuracy measures, model selection and comparison.
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