Time-series forecasting and decision-making

 

Time-series forecasting and decision-making

Through supervised learning over three, online training days, you will be introduced to time-series forecasting to support decision making in the real world.  If you are interested in this free, online training course then please register your interest by completing the linked form below.

What will you learn?

  • What is forecasting?
  • How the forecasting task is different from other modelling tasks
  • What is the link between forecasting and decision-making, how to identify what to forecast

Who is this training for?

  • Anyone who wants to understand
    • the foundation of forecasting to inform decision-making process
    • theoretical background of forecasting models and use them in R to inform decision-making processes
  • An executive member in charge of planning and decision making who wants to use the output of forecasting process
  • A decision maker who uses forecasting tools to empower decision making
  • A data analyst who wants to gain in depth and comprehensive knowledge of forecasting process using R
  • A forecaster who wants to use R to apply forecasting models

Would you like to know how to …

  • Identify decisions that require forecasting and determine what to forecast?
  • Identify key features of data using time series analysis?
  • Apply simple forecasting methods?
  • Check whether a forecasting model is good?
  • Produce point forecasts and prediction intervals?
  • Compute the accuracy of forecasting methods for point and prediction intervals?
  • Visualize and report forecasts and its accuracy for interpretation and insights?
  • Understand Exponential smoothing,  ARIMA and time series regression models used in forecasting?
  • Develop computer skills for forecasting time series?
  • Gain insights into the problems of implementing and operating forecasting systems?
  • Be confident at selecting and using the right model and using it to support decision-making in your team or organisation?

Your trainer

Your training will be led by: Bahman Rostami-Tabar, Senior Lecturer (Associate Professor) in Management Science, Cardiff University

 

Audience and pre-requisites

  • Basic knowledge in R (e.g. how to use a function);
  • Basic knowledge in statistics (e.g what is a normal distribution?);
  • No knowledge of forecasting is assumed.

You should work in an Integrated Care System (ICS) in the Midlands 

Number of places per ICS
2 spaces available per ICS

Duration and start date
Three day course:  26/11/21, 08/12/21 and 15/12/21 (10:00-16:00)

Location
Online

Online application: Applications for this course are now closed.

For more information about this course, please contact:

Training & Development Operational Lead, Rachel Caswell