This course will help you in the planning and implementation of demand forecasting.
Updated on Oct, 2023
Language - English
Duration -7.5 hours
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
Check out the detailed breakdown of what’s inside the course
Concepts of Demand Forecasting
- 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
Maxusknowledge was created in 2010. Our motive is to provide quality education in the field of management. The creator of the video is a qualified B.E., MBA and has been working in the corporate world for the last 20 years.
The creator has expertise in operations management and has been working in this field for the last 10 years. With this knowledge, the videos have a very good blend of theory and real-life experience. Also, the videos are in-depth and accurate with very simple language.
The creator has also has created multiple courses in other fields like Supply chain management and finance management. Special care has been taken to make sure that the quality of content and delivery of the lessons is of the highest quality.
User your certification to make a career change or to advance in your current career. Salaries are among the highest in the world.
Our students work
with the Best
Related Video CoursesView More
Become a valued member of Tutorials Point and enjoy unlimited access to our vast library of top-rated Video CoursesSubscribe now
Master prominent technologies at full length and become a valued certified professional.Explore Now