Macquarie University
Judgmental Business Forecasting in Excel
Macquarie University

Judgmental Business Forecasting in Excel

This course is part of Excel Skills for Business Forecasting Specialization

Taught in English

Some content may not be translated

3,039 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.5

(46 reviews)

Intermediate level

Recommended experience

10 hours (approximately)
Flexible schedule
Learn at your own pace

Details to know

Shareable certificate

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Assessments

14 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.5

(46 reviews)

Intermediate level

Recommended experience

10 hours (approximately)
Flexible schedule
Learn at your own pace

See how employees at top companies are mastering in-demand skills

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Build your subject-matter expertise

This course is part of the Excel Skills for Business Forecasting Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 5 modules in this course

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,

What's included

2 videos4 readings1 discussion prompt

In this topic, we will explore the role that Business Indicators can play in creating business forecasts, in particular to make judgments on the cyclical component, via predicting turns in the business cycle. We will then look at how Excel can help us execute these insights into business forecasts.

What's included

3 videos2 readings4 quizzes

In this topic, we will be exploring 3 different Subjective Assessment Methods for judgmental forecasting. These are structured methodologies to follow when creating judgmental forecasts. We will be looking at the Sales Force Composite Method, the Jury of Executive Opinion, and Subjective Probability Assessments. We will then look at how Excel can assist in executing these methodologies.

What's included

3 videos2 readings4 quizzes1 peer review

In this topic, we will be exploring 2 different Exploratory Methods for judgmental forecasting. These are structured methodologies to follow when creating judgmental forecasts. We will be looking at the Delphi Method and Scenario Analysis. We will then look at how Excel can assist in executing these methodologies.

What's included

3 videos2 readings4 quizzes1 peer review

In this topic, we will reflect on the biases that can occur when conducting business forecasts. Then, we will be bringing all the topics together in a case study based assessment, where you will need to apply the principles of judgment to decide the forecasting method used, and utilise judgmental forecasting.

What's included

1 video4 readings2 quizzes

Instructor

Instructor ratings
4.6 (10 ratings)
Dr Prashan S. M. Karunaratne
Macquarie University
28 Courses1,280,940 learners

Offered by

Recommended if you're interested in Business Strategy

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