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Registeration for: Training Workshop On Identifying Trends and Making Forecasts
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Training Workshop On Identifying Trends and Making Forecasts
Category: PLANNING, RESEARCH AND STATISTICS COURSES

ABOUT THE COURSE
Finding out what is going to happen next is one of the big questions in government, economic planning and businesses. It would be so much easier to plan sales, purchases, production, staff and logistics etc. Many businesses know how important it is to forecast for the future, yet many fail to apply the fundamental concepts of statistical forecasting. Those that don’t use statistical forecasting face higher costs and uncertainty when the reality diverges from their plans. Those that do are able to plan for the future much more effectively and efficiently. 
If you’re looking to improve the way you plan your business and save money by introducing statistical forecasting, then this course is ideal. By the end of the session you will have a firm grasp of how to summarise and measure trends as well as how to extrapolate trends into a forecast. You will also have a good understanding of how to perform relevant calculations in Excel.

COURSE OBJECTIVES

  • Understand the distinction between sober & drunk time series (seriously!)
  • Learn how to use hypothesis testing to confirm that a trend is a genuine trend.
  • Learn how to use moving averages correctly to identify potential turning points.
  • Discover the simplest method of identifying seasonality in your time series and to confirm it with hypothesis test.
  • Uncover the basic principles of statistical process control and how you can use it to confirm deviations from an expected trend.
  • Learn 4 different ways of extrapolating an existing trend to produce forecast.
  • Understand the key principles of forecasting, learn to spot common mistakes in forecasting and become better at prediction.

COURSE CONTENT
Time series analysis, forecasting, trend identification, seasonality, moving averages, trend extrapolation, statistical process control.

TARGET PARTICIPANTS
Anyone involved in organizational planing, budget or revenue forecasting, business planning, performance analysis and other similar roles that require analyses of historical trends and extrapolation of those trends to create forecasts.

DATES:

09 May - 13 May, 2016,
18 Jul - 22 Jul, 2016,
26 Sep - 30 Sep, 2016,
24 Oct - 28 Oct, 2016

IMPORTANT NOTE:

FOR MORE DETAILS WITH RESPECT TO COURSE CONTENT E.T.C, PLEASE SEND YOUR REQUEST TO training@coinmac.org or call +2348023262908,+2348038437312
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