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Introduction to Forecasting Methods and Inventory Models
Advanced Level

Introduction to Forecasting Methods and Inventory Models

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  • 4-5 Avg Hours
  • CPD Accredited
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Introduction to Forecasting Methods and Inventory Models

The free online course calculations using exponential forecasting methods and basic inventory models in production.
This free online introduction to forecasting methods and inventory models course will teach you the various ways the exponential forecasting method models can be used in calculations. The course will also tea... This free online introduction to forecasting methods and inventory models course will teach you the various ways the exponential forecasting method models can be used in calculations. The course will also teach you about the calculation of seasonality using exponential forecasting methods.You will also learn about the various basic inventory models used in production and operations management, as well as the importance of safety stock.

What You Will Learn In This Free Course

  • Explain how to calculate forecastin...
  • Discuss the concept and application...
  • Explain causal methods and some exa...
  • Identify the various types of causa...
  • Explain how to calculate forecasting errors
  • Discuss the concept and application of tracking signals
  • Explain causal methods and some examples of causal factors
  • Identify the various types of causal methods
  • Discuss the concept of regression analysis and developing the regression equation
  • Identify the reliability of forecasts
  • Explain stock points in a production-distribution system
  • Discuss the economic order quantity model
  • Identify the different variations in the basic EOQ model
  • Discuss the concept of production order quantities and production cycling
  • Explain the ROP for constant demand and lead time
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