Build Sales Forecasting Models

Categories: AI, Knime, Python
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Course Prerequisite(s)

About Course

In this course, you’ll learn about how to develop sales forecasting models in real-world applications. Sales forecast with high accuracy allows business to do better demand planning, optimize inventory management and increase efficiency. That’s why learning and gaining skills in sale forecasting is very valuable. This can also applied to revenue forecasting, energy consumption forecasting among other sectors as long as a continuous figure or metric is important enough for business application. You’ll live into various methods from traditional to advanced, using contemporary tools in practice so you can get hands on experience and project work within this project-based course.

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What Will You Learn?

  • Understand sales forecasting applied in business
  • Gain practical skills and knowledge about building forecasting models
  • Familiar with tools and techniques for improving your forecast accuracy
  • Gain confidence in applying forecasting skills in your career

Course Content

Sales Forecasting Overview in Business
In this topic, you'll be introduced to the overview of sales forecasting in business from what it is to why it is important. You'll get to learn about the fundamentals of forecasting and tools required for setting you up to do the project.

  • Introduction to Sales Forecasting
  • Type of Forecasting

Practical Sales Forecasting Techniques
In this topic, you'll learn about various methods to forecast sales and anticipate demand of a product. You'll dive into traditional and advanced forecasting methods with the types of data required.

Improving Forecast Accuracy
In this topic, you'll learn how to evaluate and improve your forecast accuracy which is essential for business adoption and success.

Apply In Your Project
In this topic, you'll be assigned with a project-based work to build and forecast with a relevant data source. This hands-on experience will allows to gain valuable and practical skills in making forecasts.

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