Rating 3.56 out of 5 (8 ratings in Udemy)
What you'll learn- Basic concepts of exponential smoothing
- Relationship between various components
- What are the 12 models of exponential smoothing family
- How to identify the right model fit for the data series
- Examples to understand each model
DescriptionThe course has been designed by industry professionals with global work experience. The course will help you apply the learning in real business situations. The design is less academic and …
Rating 3.56 out of 5 (8 ratings in Udemy)
What you'll learn- Basic concepts of exponential smoothing
- Relationship between various components
- What are the 12 models of exponential smoothing family
- How to identify the right model fit for the data series
- Examples to understand each model
DescriptionThe course has been designed by industry professionals with global work experience. The course will help you apply the learning in real business situations. The design is less academic and more business oriented.
This course attempts to explain the basic concepts of exponential family of predict modelling. You shall learn about the different components of this family and their relationship. Also learn about how to identify the right model fitment to the given data series.
Exponential smoothing is one of the most powerful and trusted techniques in predictive analytics specially in demand forecasting. Hence it is important to understand the basic premise of the technique to be able to effectively use it when available in various forecasting software.
The course does not delve upon the mathematical derivations of the forecasting models or statistical computations of various coefficients and parameters. It is expected that the business planner would be using a planning software that assist in such derivations and computations.
If you are interested in deep dive forecasting statistics then this course may not be a best fit for you. However, if you are a business professional aiming to ace knowledge on application of techniques then this course is best for you.