Build a Strong Forecasting Foundation
Master the fundamentals of business forecasting and learn practical techniques for creating more accurate forecasts through expert instruction, interactive discussions, and live demonstrations in Forecast Pro.
Forecasting success starts with understanding the fundamentals. This three-day workshop helps demand planners, forecasting professionals, and new Forecast Pro users develop the knowledge and processes needed to create better forecasts and make more informed planning decisions.
Workshop Details
Event Format
Live online instructor-led workshop
Registration Fee
$595 per attendee
Team Discount
$395 per attendee for teams of 3+
What You’ll Gain
Learn Forecasting Best Practices, Applied in Forecast Pro
Learn the principles and processes behind effective forecasting—and see how they are applied in practice using Forecast Pro. Throughout the workshop, instructors demonstrate forecasting techniques in a real-world forecasting environment.
Workshop Format
This live online workshop includes:
- Instructor-led training with interactive discussions
- Practical examples and live Forecast Pro demonstrations
- Q&A throughout the sessions
- Access to presentation recordings after the workshop
Day 1 – Forecasting Fundamentals
Introduction to Forecasting
Introduction to the Forecasting Process
Day 2 – Developing Better Forecasts
Event-Index Models
Multiple-Level Forecasting
Forecast Accuracy and Evaluation
Day 3 – Improving Your Forecasting Process
Identifying Problems in Your Forecasting Process
The Forecasting Cycle: Bringing It All Together
Forecast Pro Tips & Tricks Clinic (Optional)
Introduction to Forecasting
Learn the foundations of business forecasting, including the three major forecasting approaches, data requirements, understanding demand, and the anatomy of a forecast. Topics include: three big-picture forecasting approaches, determining appropriate historical data length, understanding demand, and the anatomy of a forecast.
Introduction to the Forecasting Process
Explore how forecasting processes evolve and the key elements required to build an effective approach. Topics include: expert selection, the role of judgment, forecasting software, forecasting resources, and building a forecasting process.
Exponential Smoothing
Understand one of the most widely used forecasting techniques and how it can be applied to generate reliable forecasts.
Event-Index Models
Learn how to incorporate known events and changes in demand patterns into forecasting models.
Multiple-Level Forecasting
This session explores hierarchical forecasting techniques. Topics include the need for forecasting at various levels, product vs. geographical hierarchies, reconciliation strategies, top-down vs. bottom-up approaches, the use of proportional allocation and adjustment for seasonality.
Forecast Accuracy and Evaluation
A detailed look at evaluating the accuracy of forecasting methods. Topics include the distinction between within-sample and out-of-sample errors, a survey of error measurement statistics, a summary of findings from forecasting competitions, and an explanation of how to use both real-time tracking reports and simulations as predictors of model performance.
Identifying Problems in Your Forecasting Process
Approaches for focusing on critical items when forecasting large volumes of data. Topics include evaluating and forecasting SKU data, filtering and ABC (Pareto) classification, outlier detection and correction, exception reporting and measuring accuracy across multiple time series.
The Forecasting Cycle: Bringing It All Together
Understand how forecasting methods, processes, judgment, and continuous improvement work together to create an effective forecasting approach.
Forecast Pro Tips & Tricks Clinic (Optional)
Join this optional session for practical tips, workflow recommendations, and answers to common Forecast Pro questions.
Workshop Resource Center
Attendees receive access to the online Workshop Resource Center approximately one week before the workshop.
The Resource Center includes workshop materials and presentation recordings, which remain available for several weeks after the event.
Special Offer for Attendees
Attendees can add a one-hour private forecasting consultation with a Forecast Pro expert for only $100.
Use this opportunity to discuss forecasting challenges, ask questions specific to your organization, and receive guidance from a forecasting professional.
Instructors
Eric Stellwagen
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Franklin Rea
Franklin Rea brings
