FREE Seminar: Applying Business Forecasting Techniques Using Forecast Pro
Course details
- Location: Cass Business School, London
- Date: 9th May, 2012
- Delivered by: Eric Stellwagen, Vice President and co-founder of Business Forecast Systems
Course Overview
Effectively applying statistical forecasting techniques to real business data is a challenge. Unlike textbook examples, forecasting corporate data requires successfully blending knowledge of statistical modelling with empirical knowledge about “what works” and domain knowledge of what the future holds.
This workshop is designed for anyone who needs to prepare forecasts based upon historical demand, explanatory variables and judgment. It reviews several quantitative forecasting methods—including exponential smoothing, Box-Jenkins, event modelling and dynamic regression—explains how they work conceptually, discusses the pros and cons of each approach and illustrates how they are applied to real data using the Forecast Pro software. The session will also discuss approaches used to reconcile forecasts made at different levels of a product hierarchy.
You’ll learn how to:
- Select the appropriate forecasting technique
- Build and diagnose a forecasting model
- Interpret the results
Numerous real-life examples from a range of industries will be presented to illustrate how the techniques are applied to corporate data.
Workshop Outline:
- Overview of Business Forecasting Techniques
- The Role of Judgment
- Exponential Smoothing
- Box-Jenkins
- Dynamic Regression
- Forecasting Software
- Event Modelling
- Multiple Level Forecasting
- Summary and Final Thoughts
Agenda
- Registration: 09.00
- Session 1: 9.30 – 11.00
- Coffee break: 11.00 – 11.30
- Session 2: 11.30 – 13.00
Registration
To find out more and to register, please contact us at: info@timberlake.co.uk,
or call: +44 (0) 20 8697 3377
About the Workshop Leader
Eric Stellwagen is the Vice President and co-founder of Business Forecast Systems, Inc., a market-leading firm focused on providing software solutions and education to business forecasters. He is the co-author of the Forecast Pro software product line which is currently in use at more than 12,000 companies worldwide. He consults widely in the area of practical business forecasting and has worked with many leading firms including Coca-Cola, Kraft, Merck, Nabisco, Owens-Corning and Verizon. With more than 25 years of experience, he is recognised as a leading educator in the field of business forecasting, and has presented seminars and workshops under the aegiss of many groups including the Institute for Professional Education, the American Production and Inventory Control Society (APICS), the University of Wisconsin, the University of Tennessee, the Institute for Business Forecasting, the World Research Group, the International Institute of Research, the Electric Power Research Institute, the International Communications Forecasting Association and the International Institute of Forecasters. He has also serves on the board of directors of the International Institute of Forecasters and serves on the Practitioner Advisory Board of Foresight: The International Journal of Applied Forecasting.
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