Business Analytics: Forecasting with Exponential Smoothing
Exponential smoothing refers to a collection of simple forecasting algorithms that use self-correction. Each prediction is made up of two parts. It's a weighted average of the previous forecast plus a modification that would have improved the accuracy of the previous forecast. Smoothing, like other credible forecasting systems, requires a baseline of data in order to function effectively. Weekly earnings and daily hospital admissions are two common examples. There are several forms of exponential smoothing, each matched to a different sort of baseline.
Conrad Carlberg is an experienced information professional with a deep background in statistics and analytics, applied to fields as diverse as hospital process measurement, financial planning, and telecommunications. Baby Bell and major account sales at Motorola ability to communicate, from the C-suite to IT, the substance and potential of analytic techniques. It has an innovative approach to designing analytics and a proven, pragmatic approach to carrying them out. I have extensive experience collaborating with sales, technical, and management divisions. The author of nearly twenty well-regarded books on statistical and business analysis has an academic background in numeric analysis, including a Ph.D. in statistics from the University of Colorado. He introduces simple exponential smoothing in this course, delving into the underlying theory behind it and teaching how to compose the prediction equation and optimize forecasts.
This course will teach you how to put together a prediction equation and optimize forecasts, as well as an introduction to simple exponential smoothing. This is one of the best online forecasting courses.
Topics in this forecasting course include:
- The Idea Behind Exponential Smoothing
- The Forecasting Equation
- Measuring Forecast Accuracy.
- Optimizing Forecasts
What’s included:
- Practice while you learn (2 exercise files)
- Test your knowledge (3 quizzes)
- Learn on the go (Access on tablet and phone)
- Stay up to date (Continuing Education Units)
Linkedin: 4.1/5
Enroll here: https://www.linkedin.com/learning/business-analytics-forecasting-with-exponential-smoothing
