Forecasting Methods and Inventory Models
Learn about basic inventory models used in production and operations management, as well as calculating seasonality using exponential forecasting method models.
This free online introduction to forecasting methods and inventory models course will teach you the various ways the exponential forecasting method models can be used in calculations. The course will also teach you about the calculation of seasonality using exponential forecasting methods.You will also learn about the various basic inventory models used in production and operations management, as well as the importance of safety stock.
What You Will Learn In This Free Course
Causal Methods of Forecasting
In this module, you will be introduced to using the exponential forecasting models to make calculations, as well as calculating seasonality using exponential forecasting methods. You will also be introduced to identifying forecast errors, and regression analysis.
Various Variations of EOQ
In this module, you will be introduced to the stock points in a production-distribution system, as well as take a look at some basic inventory models. You will also be introduced to the price-break model formula, safety stocks, and the ROP for constant demand and lead time.
Course assessment
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