Technical and Research Skills: Techniques

Time Series Analysis and Forecasting

3 hours

The aim of this workshop is to provide participants with various techniques of time series analysis and forecasting. First, in order to better understand time series data, we shall look at the basic properties of a time series and autocorrelation function. We shall then concentrate on exponential smoothing methods (Single Exponential Smoothing and Holt Winters methods). A class of linear time series introduced by Box and Jenkins and  various accuracy measures used in evaluating and comparing the forecasts produced by different methods will also be considered.

By the end of the workshop participants should be able to:

• understand the context and assumptions behind the application of various forecasting techniques;
• understand the principles and practice of forecasting methods;
• utilise computer statistical software (SPSS) as an aid to problem solving.

Provider: UGC
Target Group: RS & PGR