Demand Forecasting
This course will help you in the planning and implementation of demand forecasting.
Forecasting Model,Business Process Management,Business Strategy,Business Fundamentals,Business Plan,
Lectures -28
Duration -7.5 hours
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Course Description
In this course, you will learn the different methods of Demand Forecasting including examples. In this course,
you will also learn about the qualitative methods of forecasting like Delphi method, Sales force forecasting,
Executive opinion and Customer survey / market research. You will also learn the concepts of how to find out the
forecast when the historical data has a trend.
This course can be useful for students studying operations management, professionals working in IT industry
responsible for the planning and implementation of demand forecasting. There will be 28 lectures in the course
covering the main topics of demand forecasting.
Following are the lectures that are part of the demand forecasting course- Fundamentals of demand forecasting,
Components of demand, Qualitative methods of forecasting, Fundamentals of simple moving average, Fundamentals
of weighted moving average, Fundamentals of Exponential smoothing, Value of alpha for exponential smoothing,
Fundamentals of trend adjusted exponential smoothing, Fundamentals of Seasonal influence in forecasting using
multiplicative seasonal method, Linear regression using Causal relationship forecasting, Fundamentals of Seasonal
influence in forecasting and Measurement of Forecasting error using Mean Squared error (MSE), Standard deviation (sigma),
Mean absolute deviation (MAD) and Mean absolute percent error (MAPE). This will also covers the examples of each of
these topics.
Curriculum
Check out the detailed breakdown of what’s inside the course
Concepts of Demand Forecasting
12 Lectures
- Fundamentals of Demand Forecasting 07:11 07:11
- Components of demand 13:18 13:18
- Qualitative methods of forecasting 12:31 12:31
- Simple moving average - Fundamentals 10:08 10:08
- Weighted moving average - Fundamentals 10:48 10:48
- Exponential smoothing - Fundamentals 25:50 25:50
- Value of alpha for exponential smoothing 09:27 09:27
- Trend adjusted exponential smoothing - Fundamentals 12:36 12:36
- Seasonal influence in forecasting - Fundamentals 26:10 26:10
- Measurement of Forecasting error - Part 1 16:05 16:05
- Measurement of Forecasting error - Part 2 17:39 17:39
- Measurement of Forecasting error - Part 3 10:12 10:12
Examples of Demand Forecasting
16 Lectures
Instructor Details
Maxusknowledge
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