Forecasting Technique Course
Acquire hands-on skills in forecasting monthly sales data through time series analysis, ARIMA and ETS models, feature engineering, model comparison, and evaluation techniques. Build precise 6-month projections that inform strategic decisions in marketing, inventory control, and revenue growth, ensuring reliable business planning in dynamic markets.
from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
Gain expertise in practical forecasting methods to develop dependable 6-month sales forecasts from actual monthly data. This targeted course covers cleaning and validating CSV files, creating calendar and promotion features, implementing ARIMA, ETS, and regression models, assessing performance via backtests, and producing insightful forecast reports to enhance planning, inventory management, and marketing budget allocation.
Elevify advantages
Develop skills
- Time series feature engineering: rapidly create promotion, calendar, and lag features.
- ARIMA, ETS, and SARIMA modelling: implement, adjust, and evaluate forecasts effectively.
- Forecast assessment: conduct backtests, analyse error metrics, and check residual patterns.
- Machine learning forecasting: deploy tree-based models with lags for strong short-term predictions.
- 6-month operational planning: convert forecasts into actionable inventory and marketing strategies.
Suggested summary
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