Predictive Analytics : Simple & Intermittent Models

Predictive Analytics : Simple & Intermittent Models
Course Fee : USD 20 / INR 1,280

Other Courses

  1. Business Planning & Forecasting
  2. Demand Planning Function & Process
  3. Predictive Analytics : Exponential Smoothing
  4. Predictive Analytics : ARIMA
  5. New Product Forecasting Using Machine Learning

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.

Target Audience

  • Supply chain professionals
  • Demand planning professionals
  • Business planning professionals
  • Data analytics professionals
  • Management students

Curriculum

  • Introduction to intermittent data & discrete data series
  • Reading Croston’s intermittent demand model
  • Pros & Cons of Croston’s model
  • Why and when are simple models useful
  • Applications of simple moving average & same as last year models

What will You Learn

  • Conceptual understanding of the ARIMA model
  • How to read an ARIMA model
  • How does it compare to other methods

Requirments

  • Basic understanding of planning process
  • Basic understanding of statistics

Includes

Application in special situations
0.6 hr On Demand Video With Voice
7 lectures
Full lifetime access
Certificate of completion