Course Outline

Challenges Facing Forecasters for Government Operations

  • Customer Demand Planning
  • Investor Uncertainty
  • Economic Planning
  • Seasonal Changes in Demand and Utilization
  • Roles of Risk and Uncertainty

Time Series Forecasting for Government Analysis

  • Seasonal Adjustment
  • Moving Average
  • Exponential Smoothing
  • Extrapolation
  • Linear Prediction
  • Trend Estimation
  • Stationarity and ARIMA Modeling

Econometric Methods (Causal Methods) for Government Applications

  • Regression Analysis
  • Multiple Linear Regression
  • Multiple Non-Linear Regression
  • Regression Validation
  • Forecasting from Regression Models

Judgmental Methods for Government Decision-Making

  • Surveys
  • Delphi Method
  • Scenario Building
  • Technology Forecasting
  • Forecast by Analogy

Simulation and Other Advanced Methods for Government Use

  • Simulation Techniques
  • Prediction Markets
  • Probabilistic Forecasting and Ensemble Forecasting

Requirements

This course is an integral component of the Data Scientist skill set within the domain of Analytical Techniques and Methods, designed to enhance capabilities for government professionals.
 14 Hours

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Price per participant

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