This course is part of the Excel Skills for Business Forecasting Specialization

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Dr Prashan S. M. Karunaratne

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Excel Skills for Business Forecasting SpecializationMacquarie University

About this Course

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In this course, we extend your business forecasting expertise from the first two courses of our Business Forecasting Specialisation on Time Series Models and Regression Models. We will explore the role of judgmental forecasting, when more quantitative forecasting methods have limitations, and we need to generate further business insights. We will be exploring some structured methodologies to create judgmental business forecasts using Business Indicators, Subjective Assessment Methods, and Exploratory Methods. For each of these methods, we will look at how we can use Excel to help us in achieving these judgmental forecasts and how Excel can help us visualising our forecast findings. Being judgmental forecasting methods, we will also look at the role of biases in Business Forecasting,

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Course 3 of 3 in the

Excel Skills for Business Forecasting Specialization

Intermediate Level

You should be familiar with using Excel for quantitative business forecasting.

Approx. 10 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 3 in the

Excel Skills for Business Forecasting Specialization

Intermediate Level

You should be familiar with using Excel for quantitative business forecasting.

Approx. 10 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.66/5 (9 Ratings)

Dr Prashan S. M. Karunaratne

Senior Lecturer - Teaching & Leadership | FHEA

Department of Actuarial Studies and Business Analytics, Macquarie Business School

1,065,705 Learners

23 Courses

Offered by

Macquarie University

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Syllabus - What you will learn from this course

Week1

Week 1

1 hour to complete

Welcome and Critical Information

In this course, we extend your business forecasting expertise from the first two courses of our Business Forecasting Specialisation on Time Series Models and Regression Models. We will explore the role of judgmental forecasting, when more quantitative forecasting methods have limitations, and we need to generate further business insights. We will be exploring some structured methodologies to create judgmental business forecasts using Business Indicators, Subjective Assessment Methods, and Exploratory Methods. For each of these methods, we will look at how we can use Excel to help us in achieving these judgmental forecasts and how Excel can help us visualising our forecast findings. Being judgmental forecasting methods, we will also look at the role of biases in Business Forecasting,

1 hour to complete

2 videos (Total 3 min), 4 readings

2 hours to complete

Business Indicators

2 hours to complete

3 videos (Total 22 min), 2 readings, 4 quizzes

Week2

Week 2

3 hours to complete

Subjective Assessment Methods

3 hours to complete

3 videos (Total 18 min), 2 readings, 5 quizzes

3 videos

Subjective Assessment Methods5mThe Sales Force Composite Method & the Jury of Executive Opinion7mSubjective Probability Assessments5m

2 readings

Download the Week 2 workbook5mWeek 2 Toolbox - Subjective Assessment Methods10m

4 practice exercises

Subjective Assessment Methods15mThe Sales Force Composite Method & the Jury of Executive Opinion10mSubjective Probability Assessments15mWeek 2 Assessment45m

Week3

Week 3

3 hours to complete

Exploratory Methods

3 hours to complete

3 videos (Total 19 min), 2 readings, 5 quizzes

Week4

Week 4

2 hours to complete

Biases & Bringing All of Business Forecasting Together

2 hours to complete

1 video (Total 8 min), 4 readings, 2 quizzes

About the Excel Skills for Business Forecasting Specialization

The current state of the world makes business forecasting even more fundamental to the operation of institutions. In this Specialization we focus on Excel Skills for Business Forecasting in three courses — Time Series Models, Regression Models, and Judgmental Forecasting.

In the first course on Time Series Models, we will be looking at how your business can utilise time series data sets to understand the different components underlying this data, and then apply the relevant model depending on these components to forecast for your business' needs. We then continue in our second course in this specialisation which looks at Regression Models, building causal models for both time series data as well as cross-sectional data. Causal models allow us to develop further business insights and strategy by controlling the inputs to generate the output we desire. In the third and final course, we explore the role of Judgmental Forecasting, when more quantitative forecasting methods have limitations, and we need to generate further business insights. We will be exploring some structured methodologies to create judgmental business forecasts and explore how Excel can assist us in these judgments. We will bring all these forecasting methods together in a final case study, giving you the opportunity to generate forecasts, which are the inputs to any organisation's planning.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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Judgmental Business Forecasting in Excel

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