Date: 06 – 11 January 2020
The past few decades have witnessed growing adaptability of analytical forecasting tools in the corporate sector. This may be attributed to increase in the complexity, competitiveness and the rate of change in the business environment. The objective of this programme is to present a comprehensive view of the various tools and techniques used in forecasting for managerial decision making including the problem of demand estimation, market size determination, sales projections, analyzing and predicting stock prices.
Program Objectives:
- Basic statistical concepts: standard error, confidence
- Interval estimation, significance values in testing,
- Simple and Multiple regression
- Logit Probit Models
- Time Series Decomposition Models
- Smoothing Models
- Box Jenkins (ARIMA)
- ARIMA with regression errors and ARIMAX
- Models for timeseries with multiple level seasonality.
- Bass Model for new product forecasting
- Combing Forecast and Forecast Evaluation
- Forecasting projects/case studies from Industry
- Project work and presentations
Coverage:
- Time series (Decomposition, smoothing, Box Jenkins) and regression models to come up with objective forecasts of sales, demands, stock prices etc.
- Interpretation of forecasts of qualitative response based on probit and logit models
- Forecasting growth of a new product using Bass-type models
- Various methods used for forecasting.
Venue : IIMB Campus
Programme Fee and Payment
INR 1,26,000/- Residential and INR 1,05,000/- Non -Residential (+ Applicable GST) per person for participants from India and its equivalent in US Dollars for participants from other countries.
Contact Information:
- Bannerghatta Road, Bengaluru-560076, India
- Phone: +91-80-26993264/3475
- Email: openpro@iimb.ac.in
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