• Deakin University

Introduction to Forecasting in Business

Learn how to use forecasting for better business decisions to help with budgeting, planning and future growth.

1,218 enrolled on this course

Businessman walking in front of graphs on screen showing forecasting of business.

Introduction to Forecasting in Business

1,218 enrolled on this course

  • 1 week

  • 3 hours per week

  • Digital certificate when eligible

  • Open level

Find out more about how to join this course

Learn how to solve business problems with forecasting

Whether you need to predict annual sales growth, budgets, or website traffic, forecasting is a powerful decision-making tool for any business.

On this one-week course from Deakin University, you’ll gain insights into how forecasting can contribute to business success.

You’ll learn about some basic types of forecasting and how they can be used in a variety of situations. With this knowledge, you’ll learn how you can take the next steps to apply forecasting to your work context.

Examine the components of a time series

You’ll start by exploring the concept of time series forecasting and how it can be used in business and economics.

You’ll unpack the different components of a time series, learning how they can be modelled in a forecasting task.

Follow the key steps of forecasting

With an introduction to the uses of forecasting, you’ll learn a basic process for forecasting tasks.

You’ll also explore some conditions and considerations for forecasting, and some basic methods behind more sophisticated modelling techniques.

Learn from the experts at Deakin University

Throughout the course, you’ll be guided by specialists at Deakin Business School as well as industry experts. By the end, you’ll have the insights and knowledge of forecasting to make better business decisions.

To further your skills, you can join our microcredential Forecasting in Business and Economics here.

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Skip to 0 minutes and 2 seconds MEHMET ULUBASOGLU: How much will the interest rates be next month? What about the petrol prices, food prices, and house prices next quarter? Can we even forecast airfares to Europe next summer? In the business world, accurate forecasts are crucial to reach our targets, fine-tune our financial positions, and improve our market share.

Skip to 0 minutes and 29 seconds This free two-week course will provide you with fundamental knowledge on forecasting for business and economics through instruction by industry and academic experts.

Skip to 0 minutes and 40 seconds DAVID AKMAN: This course does not require any prior programming experience, and it can serve as a starting point for further exploration of the subject.

What topics will you cover?

  • Basic concepts and uses of time series forecasting
  • Key steps in forecasting tasks
  • Conditions and considerations fore forecasting
  • Basic forecasting methods

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

  • Available now

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Justify uses for forecasting in business and economics
  • Identify components of a time series
  • Describe basic forecasting methods and processes

Who is the course for?

This course is designed for anyone interested in forecasting and its applications in business.

You don’t need any prior knowledge or experience to join this course.

Who will you learn with?

Dr. David Akman has more than two decades of research, teaching, consulting, and professional work experience in virtually all areas of data science & analytics.

Dr. Shuddha is Senior Lecturer at Deakin Business School. He specialises in sustainability issues relevant to energy, environment & climate change.

Mehmet Ulubasoglu is a Professor of Economics in the Department of Economics at Deakin Business School. Mehmet is currently the Head of the Department of Economics.

Hemant Pullabhotla is a Lecturer of Economics in the Department of Economics, Deakin Business School.

Who developed the course?

Deakin University

Deakin University is one of Australia’s largest universities with more than 61,000 students and over 15,000 online.

  • Established

  • Location

    Melbourne, Australia
  • World ranking

    Top 280Source: QS World University Rankings 2021

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Ways to learn

Choose the best way to learn for you!

Subscribe & save

$349.99 for one year

Automatically renews

Develop skills to further your career

  • Access to this course
  • Access to 1,000+ courses
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Digital certificate when you're eligible

Cancel for free anytime

Buy this course

$109/one-off payment

Fulfill your current learning need

  • Access to this course
  • Learn at your own pace
  • Discuss your learning in comments
  • Tests to boost your learning
  • Printed and digital certificate when you’re eligible

Limited access


Sample the course materials

  • Access expires 1 May 2024

Find out more about certificates, Unlimited or buying a course (Upgrades)

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