Undergraduate Certificate in Forecasting in Ops Management
-- ViewingNowThe Undergraduate Certificate in Forecasting in Operations Management is a comprehensive course designed to equip learners with critical skills in forecasting techniques, data analysis, and operations management. This certificate program underscores the importance of accurate forecasting in making informed business decisions, reducing costs, and improving organizational efficiency.
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⢠Introduction to Forecasting: Basic concepts, importance, and techniques of forecasting in operations management.
⢠Time Series Analysis: Decomposition, autocorrelation, moving averages, and exponential smoothing.
⢠Regression Analysis: Simple and multiple linear regression, residual analysis, and model selection.
⢠Statistical Quality Control: Control charts, process capability analysis, and acceptance sampling.
⢠Demand Planning: Forecasting demand, safety stock calculation, and inventory management.
⢠Predictive Modeling: Machine learning algorithms, cross-validation, and overfitting.
⢠Supply Chain Forecasting: Sales & operations planning, demand sensing, and supply risk management.
⢠Software Tools for Forecasting: Excel, R, Python, and specialized forecasting software.
⢠Forecasting in Special Situations: Intermittent demand, new product introductions, and promotions.
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