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What is Forecasting?

Transform your data into actionable insights with our free forecasting course! Learn from experts, develop real-world skills, and unlock new opportunities for growth. Enroll now!

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Beginner

1.5 Hrs

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Forecasting using Python

About this course

Forecasting is a data science technique used to predict future happenings by considering historical data. The business uses forecasting for predicting any trend or future event. It helps in determining future demand for a product or a service too. When the decisions are made in the business, it is very important to choose the right forecasting technique for suiting the needs of the moment. There are various forecasting methods, and linear regression is widely used. In this course, we shall understand forecasting, what forecasting is in management, and forecasting on Covid data and GRE data using the linear regression algorithm. This demonstration will be done using Python. Get rewarded with a course completion certificate from Great Learning upon the successful completion of the program. Data Science is a multifaceted field and one of the top in-demand skills today. Join the #1 Ranked Data Science Program offered by Great Learning in collaboration with the University of Texas at Austin. Accelerate your career with our data science courses explicitly designed for boosting your career. Gain expertise in data science by joining our master and PG programs in Data Science. Check out our Data Science Online Courses today.

Course Outline

Introduction to Forecasting

In this module, we will be introducing forecasting while understanding the definition of forecasting.

Forecasting Demo on Covid Data

In this module, we will be working on the Covid data by using the data for analysis and forecasting future trends.

Forecasting Demo on GRE Data

In this module, we will be working on the GRE data by using the data for analysis and forecasting of the trends.

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Frequently Asked Questions

Will I receive a certificate upon completing this free course?

Is this course free?

What are the four types of forecasting?

Four types of forecasting models are:

What is a forecasting algorithm?

A forecasting algorithm is a predictive algorithm that uses AI-based estimation. It is a statistical algorithm that feeds the model with the historical data to make predictions on what might most likely happen in the future.

What model is best for forecasting?

The casual model is the aptest forecasting tool. It mathematically expresses the suitability of casual relationships and includes pipeline considerations like inventories and market survey insights. It also incorporates time series analysis results.