Introduction to Forecasting in Business

Learn how to solve business problems with forecasting

Whether you need to predict annual sales growth, budgets, or website traffic, forecasting is a powerful decision-making tool for any business.

On this one-week course from Deakin University, you’ll gain insights into how forecasting can contribute to business success.

You’ll learn about some basic types of forecasting and how they can be used in a variety of situations. With this knowledge, you’ll learn how you can take the next steps to apply forecasting to your work context.

Examine the components of a time series

You’ll start by exploring the concept of time series forecasting and how it can be used in business and economics.

You’ll unpack the different components of a time series, learning how they can be modelled in a forecasting task.

Follow the key steps of forecasting

With an introduction to the uses of forecasting, you’ll learn a basic process for forecasting tasks.

You’ll also explore some conditions and considerations for forecasting, and some basic methods behind more sophisticated modelling techniques.

Learn from the experts at Deakin University

Throughout the course, you’ll be guided by specialists at Deakin Business School as well as industry experts. By the end, you’ll have the insights and knowledge of forecasting to make better business decisions.

To further your skills, you can join our microcredential Forecasting in Business and Economics here.

This course is designed for anyone interested in forecasting and its applications in business.

You don’t need any prior knowledge or experience to join this course.

This course is designed for anyone interested in forecasting and its applications in business.

You don’t need any prior knowledge or experience to join this course.

• Justify uses for forecasting in business and economics
• Identify components of a time series
• Describe basic forecasting methods and processes