Forecasting Techniques
Module Description
This module provides a comprehensive understanding and use of forecasting tools in support of an ever-changing business environment for the management of supply chain. It provides a thorough understanding of various statistical methods for forecasting, in particular time-series methods that have wide applications in business.
Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts, and sometimes it is necessary to provide distributional rather than point forecasts.
Entry Requirements
Candidates who apply for this course must possess the following:
- a qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject),
AND
- a pass in English and Mathematics at MQF Level 3 (‘O’ Level or equivalent) .
Preference is given to applicants having a year of work experience related to the field of study.
*Equivalent qualifications abroad will also be considered for admission.
Target Audience
- Individuals seeking academic and professional advancement in area of Supply Chain Management and Logistics
- Mid-career-break professionals looking for opportunities to return or change their career.
Career Paths
The possible positions for which this programme aims to prepare you for include, but are not limited to:
- supply chain supervisor/manager
- logistics supervisor/manager
How you’ll be assessed
The course comprises:
- 6 lectures per module;
- 3-hour lectures (evening);
- 12 hours of online content per module, comprising synchronous online discussions, tutorials and/or videos.
Module Intake Dates
April 2023
Reading for the entire Higher Diploma in Supply Chain Management and Logistics as presented in this brochure costs €6,000.*
**Terms and conditions apply.
*** For the price of individual modules, please contact the IDEA Academy team.