Time Series Forecasts

Reliable forecasts can be used to gain a competitive advantage for business steering and give your company an edge in the market. This course will teach you the skills required to create a unique data-driven forecast system for your business.

Duration: 2 days

Star Level: Expert

Certification: Yes


MIacademy / Badge Overview / Open Course Calendar / 3322 Time Series Forecasts

Course Description

Companies are ruled by their future expectations, basing their investments and success on forecasts, so correct forecasting is key. However, there are so many different forecast models that it is hard to know which one to use when. Every business needs a unique forecasting perspective depending on the granularity and variability of the data, seasonality, trends, and forecast horizon. Our forecast training provides you with a lens to critically identify where to implement and improve forecasting in your organization by breaking down the steps and best practices used by our expert trainers. This course provides basic and advanced modeling tools to develop your own data-driven forecast system using real-life cases. As well as perform these techniques practically and make forecasts in Python.



Why is this for you?


Application forecasting is key for all businesses to find out their trajectory in the next periods and be equipped to reach their goals and ambitions in the future. But this is easier said than done, as using the wrong method or a biased forecast could result in using incorrect output for strategic steering and actually leave you worse off. We will teach you to understand the best methods, when and how to use them, so you can create a significantly better forecast.



Who should attend?


This course is designed for Data Scientists wanting to improve their forecasting techniques and get data-driven results. Please note it is recommended you have completed our Regression Models (3203) badge before starting this training.



What will you learn?


  1. Introduction and overview of forecasting
  2. Basic forecasting techniques Holt-Winters
  3. Advanced forecasting techniques TBATS and SARIMAX
  4. To explore time series and make a data decomposition
  5. To apply K-fold cross-validation techniques for forecasting
  6. How to perform advanced forecasting techniques on real data
  7. How to complete deviation management on forecasting case



Learning Goals


  • Overview of forecasting – Understand and explain the importance and essential principles of forecasting
  • Basic forecasting techniques – Perform basic forecasting techniques and make a data decomposition
  • Forecasting metrics and validation techniques – Complete k-fold cross-validation using correct metrics
  • Advanced forecasting techniques – Perform advanced forecasting techniques and understanding what techniques to use depending on the situation
  • Deviation management as part of model management – Make a deviation analysis based on a comparison of the forecast to the actuals


Theory and practical use


All trainings in the GAIn portfolio combine high-quality standardized training material with theory sessions from experts and hands-on experience where you directly apply the material to real-life cases. Each training is developed by top of the field practitioners which means they are full of industry examples along with practical challenges and know-how, fueling the interactive discussions during training. We believe this multi-level approach creates the ideal learning environment for participants to thrive.





    • Machine Learning
    • Statistics
    • Forecasting
    • Time Series Analysis
Interested in taking the course?

Open Course Schedule


MIacademy does offer part of its portfolio in an Open Course Schedule Format in our location in the center of Amsterdam. Via the form below you can register your interest to participate. Our team will contact you to finalize the booking and answer any questions you may have.

All of our courses are delivered by our expert trainers.


If no dates are mentioned. The specific course is not scheduled yet in 2020. If this is the case you can use the form to register your interest. In case there is enough demand MIacademy can schedule additional courses and will notify you.

Dates & Availability


In-company Training Programs

Are you are interested to train a larger group of people, looking for specific training pe or and/or interested in creating a company-wide program? We will be happy to assist!

Whether you have a very specific training need (for example: training your Data Engineers on advanced technical topics, or your Data Scientists on model implementation), or the need for a large transformational program, or something in between, we can help. Over the past 13 years, we have built up extensive experience not only in the implementation of multi-year, multi-population, multi-country programs but also in providing high quality, very specific modules for specific target groups. Both in in-house set-ups and cross-company programs. Not sure what type of program would fit your organization best? We’d be happy to discuss the best approach together.