Predictive Analytics : Simple and Intermittent data models

1,280.00

Description

In this course you will learn about the business applications of simple forecasting models and when are they useful to apply. You will also learn about the special cases of products where the demand is intermittent or discrete and how to forecast for such product.

This course is for business professionals only and does not get into mathematical derivations of statistical models.

Suitable for:
Demand Planners
Supply Chain Professionals
Merchandise Planners
Logistics Professionals
Management Students
 Course Contents:
Intermittent & Discrete Data Forecasting
-Introduction to Intermittent Data series
-Reading Croston’s Intermittent Demand Model
-Pros and Cons of Croston’s Model
-Discrete Data Series
–Simple Forecasting Models
-Why are simple models useful
-Simple Moving Average
-Same As Last Year
What Will I Learn?
Students will learn about simple forecasting methods and whether they are useful in business context
Students will learn about how to forecast when the product exhibits an intermittent or discrete demand trend, which is usually bit difficult to do
They will NOT learn the statistical derivations of the models but only the application of them
Requirements
Should have a basic business knowledge
Includes:
35 mins on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion

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Description