Practical Business Forecasting: A Further Course

Course Dates

To be arranged

Please see our full list of courses for available dates and details of costs. 

Who is it for?

It teaches the practical use of the more commonly used extended/advanced forecasting techniques which will enhance the quality of business forecasts in both the public and private sectors.

 

What prior knowledge is assumed?

No prior computing knowledge is assumed apart from the ability to use a basic Excel spreadsheets. The course is taught using Excel 2007 but anyone familiar with Excel 2003 will be able to participate fully.

Understanding of the following forecasting techniques which are covered on “Practical Business Forecasting: A First Course” is required to fully benefit from the course: Exponential Smoothing, Linear Regression, Causal Regression with Multiple Predictors, Treatment of Errors and Errors Measures. Some simple formulae are used so participants should have GCSE Maths to benefit fully from the course.

Potential participants who have little or no forecasting experience are recommended to start with “Practical Business Forecasting: A First Course”

 

What does the course cover?

The topics covered in the course are:                 

• Review and Monitoring of forecasts
• An introduction to Age Demographics
• Forecasting the take-up of New Initiatives, Services or Products
• The use of Dummy Variables for forecasting Qualitative Factors
• Judgmental Forecasting

The course provides hands-on experience to build and use these more advanced Excel forecasting models on a variety of public and private sector Case Studies under the expert guidance of a tutor. It has the same ‘look and feel’ as “Practical Business Forecasting: A First Course” but with much more emphasis on quantitative topics and hands on Case Studies.

Why choose this course?

• Do you make basic forecasts at work?
• Do you need to monitor your forecasts?
• Do you want to expand your range of forecasting techniques and understanding?
• You need “Practical Business Forecasting: A Further Course”

Course fees

Course fee: £275 including teas/coffees and lunch

Discounts are available for those attending more than one course (e.g. Practical Business Forecasting: A First Course), and research students. Those on limited incomes should contact the course organisers to discuss their situation.

For enquiries, please phone 01707 285574 or e-mail statistics@herts.ac.uk

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Terms and Conditions

All bookings are subject to the standard terms and conditions of the University of Hertfordshire. A copy of these standard terms and conditions is available on request by emailing CPDU@herts.ac.uk.

Study routes

• Part Time