Certificate Demand Forecasting Essentials
-- ViewingNowThe Certificate in Demand Forecasting Essentials is a comprehensive course that equips learners with the vital skills necessary to excel in demand forecasting. This course emphasizes the importance of data-driven decision-making, enabling learners to make informed predictions about future demand for products and services.
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โข Introduction to Demand Forecasting: Understanding the basics, importance, and benefits of demand forecasting.
โข Data Collection for Demand Forecasting: Identifying and gathering relevant data from internal and external sources.
โข Data Analysis Techniques: Descriptive and inferential statistics for data exploration and understanding.
โข Time Series Analysis: Decomposition, autocorrelation, and moving averages.
โข Quantitative Forecasting Methods: Simple and weighted moving averages, exponential smoothing.
โข Qualitative Forecasting Methods: Executive opinions, surveys, historical analogies, and Delphi method.
โข Forecasting Software and Tools: MS Excel, R, Python, and specialized forecasting software.
โข Monitoring and Evaluating Forecast Accuracy: Common metrics and techniques to assess and improve forecasting performance.
โข Integrating Demand Forecasting with Business Operations: Sales and inventory management, budgeting, and strategic planning.
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