This course explores different time series business forecasting methods. The course covers a variety of business forecasting methods for different types of components present in time series data — level, trending, and seasonal. We will learn about the theoretical methods and apply these methods to business data using Microsoft Excel. These forecasting methods will be programmed into Microsoft Excel, displayed graphically, and we will optimise these models to produce accurate forecasts. We will compare different models and their forecasts to decide which model best suits our business' needs.
Ce cours fait partie de la Spécialisation Excel Skills for Business Forecasting
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Spécialisation Excel Skills for Business ForecastingUniversité MacquarieÀ propos de ce cours
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Cours 1 sur 3 dans le
Niveau intermédiaire
Approx. 11 heures pour terminer
Anglais
Sous-titres : Anglais
Compétences que vous acquerrez
Microsoft ExcelTime Series ModelsBusiness Forecasting
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Cours 1 sur 3 dans le
Niveau intermédiaire
Approx. 11 heures pour terminer
Anglais
Sous-titres : Anglais
Offert par
Université Macquarie
Macquarie is ranked among the top one per cent of universities in the world, and with a 5-star QS rating, we are recognised for producing graduates who are among the most sought-after professionals in the world. Since our foundation 54 years ago, we have aspired to be a different type of university: one focused on fostering collaboration between students, academics, industry and society.
Programme du cours : ce que vous apprendrez dans ce cours
1 heure pour terminer
Welcome and Critical Information
Business Forecasting is part of any and every organisation. Organisations need to forecast so that they can plan for the organisation’s needs. Business forecasts are the inputs to every organisation’s planning – without business forecasts we cannot plan for our resources, our production, our supply chains – and ultimately our costs, revenues and profits. The current state of the world makes business forecasting even more fundamental to the operation of institutions. In this course we focus on Excel Skills for Business Forecasting using Time Series Models. We will be looking at how your business can utilise time series data sets to understand the different components underlying this data, and then apply the relevant model depending on these components. We will look at a range of business forecasting methods, and sometimes, more than one method may be needed! The models we look at are: Naïve Forecasting, Moving Averages, Trend-fitting, Simple Exponential Smoothing, Holt’s Exponential Smoothing, Winters Exponential Smoothing, and Decomposition. This course then continues in our second course in this specialisation which looks at Regression Models, and our third course in this specialisation which looks at Judgmental Forecasting. #EveryoneSayWow
1 heure pour terminer
2 vidéos (Total 2 min), 3 lectures
2 heures pour terminer
Time Series Models
In this module, we explore the context and purpose of business forecasting and the three types of business forecasting — time series, regression, and judgmental. This course focuses on time series models. We will learn about time series models, as well as the component of time series data. We will then look at a preliminary forecasting method — Average Forecasts. Once we have a forecast, we need a tool to judge the accuracy of the forecasts — which are the forecasts and the error criterion calculated from these.
2 heures pour terminer
4 vidéos (Total 43 min), 4 lectures, 3 quiz
2 heures pour terminer
Level Time Series
In this module, we explore different time series forecasting methods available for data that is level.
2 heures pour terminer
5 vidéos (Total 45 min), 2 lectures, 5 quiz
2 heures pour terminer
Trending Time Series
In this module, we explore different time series forecasting methods available for data that is trending.
2 heures pour terminer
4 vidéos (Total 38 min), 3 lectures, 3 quiz
2 heures pour terminer
Seasonal Time Series
In this module, we explore a time series forecasting method (Winters Exponential Smoothing) available for data that is seasonal.
2 heures pour terminer
4 vidéos (Total 35 min), 2 lectures, 4 quiz
Avis
Meilleurs avis pour EXCEL TIME SERIES MODELS FOR BUSINESS FORECASTING
par VA25 juil. 2021
The course content is just superb, and the way the faculty is teaching the course is just fantastic. I did not find any course on time series forecasting having such kind of conceptual clarity.
par SL15 août 2021
I thought it was a good course although the professor kept saying "Everybody say wow" in practically every video and sometimes more than once and it was annoying
par MS25 août 2021
it was great course to build your time series models for business forecasting. Dr. Prashan was great, explained each topic very well.
par JW18 sept. 2021
Excellent tutor. Clear concise and great examples to work along to. Thank you
À propos du Spécialisation Excel Skills for Business Forecasting
The current state of the world makes business forecasting even more fundamental to the operation of institutions. In this Specialization we focus on Excel Skills for Business Forecasting in three courses — Time Series Models, Regression Models, and Judgmental Forecasting.
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