Forecasting

Forecasting is the process of making predictions based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods.

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Online Learning

Business Analytics: Forecasting with Exponential Smoothing

Get an introduction to simple exponential smoothing, including how to assemble the forecast equation and optimize forecasts.

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Business Analytics: Forecasting with Seasonal Baseline Smoothing

Learn how to perform seasonal baseline smoothing with R and Excel and incorporate seasonal variation for more accurate and insightful forecasts.

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Business Analytics: Forecasting with Trended Baseline Smoothing

Learn about a forecasting technique that recognizes and accounts for trends in a baseline, as well as how to run the trend forecast analysis in R.

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Excel: Sales Forecasting

Learn how to use Excel to forecast sales more effectively. Instructor Michael McDonald offers a primer on sales forecasting, regression analysis, dat…

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Financial Analysis for Business Performance: Planning, Budgeting, and Forecasting

Strong skills in budgeting and planning are in demand for a variety of roles - whether you’re interested in starting a career as an accountant, busin…

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Financial Forecasting in Python

Step into the role of CFO and learn how to advise a board of directors on key metrics while building a financial forecast.

By Victoria Clark

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Financial Forecasting with Big Data

Quickly create financial forecasts using big data, predictive analytics, and Microsoft Excel.

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Forecasting in R

Learn how to make predictions about the future using time series forecasting in R.

By Rob J. Hyndman

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Online Textbooks

Forecasting: Principles and Practice

This textbook is intended to provide a comprehensive introduction to forecasting methods and to present enough information about each method for read…

By George Athanasopoulos and Rob J. Hyndman