Online Program

Predictive Analytics – Simple & Intermittent Models

In this course you will learn about the business applications of simple forecasting models and when are they useful to apply.

You will also learn about the special cases of products where the demand is intermittent or discrete and how to forecast for such product.

This course is for business professionals only and does not get into mathematical derivations of statistical models.

Predictive Analytics – Simple & Intermittent Models

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Who is it for?​

  • Supply chain professionals
  • Demand planning professionals
  • Business planning professionals
  • Data analytics professionals
  • Management students

What does it include?

  • Application in special situations
  • 0.6 hr On Demand Video with Voice
  • 7 lectures
  • Full lifetime access
  • Certificate of completion

Requirements

  • Basic understanding of planning process
  • Basic understanding of statistics

Curriculum

  • Introduction to intermittent data & discrete data series
  • Reading Croston’s intermittent demand model
  • Pros & Cons of Croston’s model
  • Why and when are simple models useful
  • Applications of simple moving average & same as last year models

What will you learn?

  • Conceptual understanding of the ARIMA model
  • How to read an ARIMA model
  • How does it compare to other methods

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