Class Central Tips
This Guided Project Demand Planning in RStudio: Create Demand Forecast is for Supply Chain and/or Operations Analysts. In this 2-hour long project-based course, you will learn how:
- Analyse demand data and cateogorise products based on trend and seasonality
- Model demand data and create demand forecast for a given number of forecasting periods.
- Diagnose the demand model; evaluate the forecast; plot and export the output.
Benefit: Creating reasonably accurate forecasts enables businesses to make efficient production plans, determine optimal inventory policies, make effective pricing decisions, and achieve better customer satisfaction.
Prerequisites:
1. Basic R language (variables, vectors, data frames)
2. Familiarity with RStudio interface
3. Basic overview of Supply Chains / Operations
