Market Forecasting Training Course

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Duration Duration

14 hours (usually 2 days including breaks)

Requirements Requirements

Good Excel or other Spreadsheet knowledge

Solid Maths and Statistics knowledge

Overview Overview

Audience

This course has been created for analysts, forecasters wanting to introduce or improve forecasting which can be related to sale forecasting, economic forecasting, technology forecasting, supply chain management and demand or supply forecasting.

Description

This course guides delegates through series of methodologies, frameworks and algorithms which are useful when choosing how to predict the future based on historical data.

It uses standard tools like Microsoft Excel or some Open Source programs (notably R project).

The principles covered in this course can be implemented by any software (e.g. SAS, SPSS, Statistica, MINITAB ...)

Course Outline Course Outline

Problems facing forecasters

  • Customer demand planning
  • Investor uncertainty
  • Economic planning
  • Seasonal changes in demand/utilization
  • Roles of risk and uncertainty

Time series methods

  • Moving average
  • Exponential smoothing
  • Extrapolation
  • Linear prediction
  • Trend estimation
  • Growth curve

Econometric methods (casual methods)

  • Regression analysis using linear regression or non-linear regression
  • Autoregressive moving average (ARMA)
  • Autoregressive integrated moving average (ARIMA)
  • Econometrics

Judgemental methods

  • Surveys
  • Delphi method
  • Scenario building
  • Technology forecasting
  • Forecast by analogy

Simulation and other methods

  • Simulation
  • Prediction market
  • Probabilistic forecasting and Ensemble forecasting
  • Reference class forecasting

Client Testimonials

Real-world, practical application of statistical modeling; keeping theory at bay and business needs in the forefront.

Thanks Bernard and Iza. It was a very good course and I appreciate your work.

Shelly Kunkle - Michelin, North America

What did you like the most about the training?:

Trainer's subject knowledge was such that complex subjects seemed easy, and he genuinely inspired me with enthusiasm for the topic. My session worked out as 1:1, and it was a real privilege to get the benefit of such a high calibre of trainer in the context of personal tuition.

Harry Frost - Babcock International

What did you like the most about the training?:

Trainer's subject knowledge was such that complex subjects seemed easy, and he genuinely inspired me with enthusiasm for the topic. My session worked out as 1:1, and it was a real privilege to get the benefit of such a high calibre of trainer in the context of personal tuition.

Harry Frost - Babcock International


Course Code

mrkfct

Bookings, Prices and Enquiries

Guaranteed to run even with a single delegate!
Public Classroom Public Classroom
From $6600
(94)
Public Classroom
Participants from multiple organisations. Topics usually cannot be customised
Private Classroom
Participants are from one organisation only. No external participants are allowed. Usually customised to a specific group, course topics are agreed between the client and the trainer.
Private Remote
The instructor and the participants are in two different physical locations and communicate via the Internet

The more delegates, the greater the savings per delegate. Table reflects price per delegate and is used for illustration purposes only, actual prices may differ.

Number of Delegates Public Classroom Private Remote
1 $6600 $4300
2 $3750 $2525
3 $2800 $1933
4 $2325 $1638
Cannot find a suitable date? Choose Your Course Date >>
Too expensive? Suggest your price

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Upcoming Courses

VenueCourse DateCourse Price [Remote / Classroom]
QC, Montreal - University StreetWed, Apr 12 2017, 9:30 am$4300 / $7300
ON, Oakville - Glen AbbeyWed, Apr 12 2017, 9:30 am$4300 / $6660
ON, Toronto - University & DundasThu, Apr 20 2017, 9:30 am$4300 / $7001
NB, Saint JohnThu, Apr 20 2017, 9:30 am$4300 / $7300
BC, Vancouver - World Trade CenterThu, May 4 2017, 9:30 am$4300 / $6700

Course Discounts

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