Advanced Demand Forecasting Techniques

How do you choose the right forecasting technique?

Through this course, participants will be introduced to forecasting methods for time series data with trend and/or seasonality. In addition, participants will be introduced to the application of Holt’s method to derive forecasts for time series data with trend components.

You will also learn how to use the Multiplicative Decomposition method to perform forecasting on time series data with trend and seasonality.

Learning Objectives

By the end of the course, participants will be able to:

  • use Simple Exponential Smoothing time series analysis to do forecasting
  • perform forecasting on time series data with trend
    • describe how Holt’s Method works to forecast time series data with trend
    • apply Holt’s method to forecast time series data with trend
    • evaluate the impact of smoothing constants on forecasting accuracy of Holt’s Method.
  • perform forecasting on time series data with trend and seasonality.
    • apply the Multiplicative Decomposition method to forecasting time series data with trend and seasonal components using concepts of
      • Centred Moving Average (CMA)
      • seasonal ratio
      • seasonal index
      • de-seasonalised forecast
    • investigate the impact of cyclical and irregular components

Who should attend?

This course is suitable for business professionals and individuals who are keen to learn and leverage forecasting techniques in their course of work

Certification

Participants will be awarded the Certificate of Attendance issued by Republic Polytechnic

Course Dates

18 September 2019

Course Duration

1 day

Course Venue

Republic Polytechnic @ Woodlands

Full Course Fee (Others) Workfare Training Scheme (WTS) Singapore Citizens aged 40 & above SME-employed Singapore Citizens & SPR Singapore Citizens aged below 40 OR Singapore PR
$288.90
$19.17
$28.89
$32.67
$86.67
*Course fees accurate as of 1 July 2017, subject to review annually.
*SkillsFuture credit approved.
*All fees inclusive of GST.
Republic Polytechnic reserves the right to make changes to the course fee and application closing dates without prior notice. The commencement of each course is subject to sufficient number of participants.
All information is accurate at time publishing.
Related Courses
Hot Links

Last updated on 16 Jul 2019

Need more help?

If you are still unsure about which course to pursue, please contact our Academy for Continuing Education.  

Fees quoted are inclusive of GST. Republic Polytechnic reserves the right to make changes to the course fees and application closing dates without prior notice. The commencement of each course is subject to a sufficient number of participants. All information is accurate at time of publishing.