Undergraduate Certificate in Business Forecasting and Simulation
-- ViewingNowThe Undergraduate Certificate in Business Forecasting and Simulation is a comprehensive course that equips learners with essential skills in demand by today's dynamic businesses. This certificate focuses on teaching students how to use statistical methods and simulation models to predict future business trends and optimize operations.
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โข Introduction to Business Forecasting: Fundamentals of business forecasting, types of forecasting methods, and their applications.
โข Time Series Analysis: Components of time series data, decomposition methods, autocorrelation, and partial autocorrelation.
โข Regression Analysis: Simple and multiple linear regression, model selection, and diagnostics.
โข Forecasting Techniques: Quantitative and qualitative forecasting methods, including moving averages, exponential smoothing, and Delphi method.
โข Simulation Methods: Monte Carlo simulation, discrete event simulation, and system dynamics.
โข Business Forecasting Software: Overview and hands-on training of popular forecasting software like R, SPSS, and Excel.
โข Forecasting in Supply Chain Management: Demand forecasting, inventory management, and supply chain simulation.
โข Forecasting in Finance: Financial forecasting, risk analysis, and portfolio management.
โข Communication and Implementation of Forecasting Results: Best practices for presenting forecasting results, overcoming resistance, and implementing changes.
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