E7: Forecasting and Time Series Analysis
GREEN BELTS AND BLACK BELTS—TOGETHER AT LAST!
SBTI’s Advanced Belt Skills electives are unique in the industry. We offer an array of custom-designed electives for Belts that advance them in critical functions. You should attend this elective if you design or interpret control charts, or if you’re a Demand Planner or have forecasting responsibilities, or if you’re a Mentor of Black Belts and Green Belts.
SBTI’s E7: Forecasting and Time Series Analysis elective will provide you with the tools and knowledge you need to choose appropriate experimental designs for specific situations, understand the influence of autocorrelation on interpretation of control charts, identify the limitations of smoothing methods as forecasting tools, interpret forecasts from decomposition models, use ARIMA models to forecast seasonal and non-seasonal data, incorporate effects of deliberate policy changes or unexpected events into forecasts, and it will provide you with experience in developing and evaluating forecasts.
The SBTI E7: Forecasting and Time Series Analysis elective is led by Richard R. (Dick) Scott, SBTI Master Consultant and Executive Director. Prior to joining SBTI, Dick spent 33 years at Eastman Kodak Company where he held a variety of management and leadership positions. Dick has demonstrated expertise in Six Sigma for Operations, Design for Six Sigma, Marketing for Six Sigma, Project Management, TQM, and Statistical Modeling.
2019 Classes TBD
2019 Classes TBD
What will you learn?
- Review of advanced regression analysis
- Basic time series concepts
- Smoothing methods
- Time-weighted control charts
- Decomposition methods (level, trend, seasonal components)
- Autocorrelation and cross correlation
- ARIMA (AutoRegressive Integrated Moving Average) models
- Seasonal forecasting
- Forecasting with leading indicators
- Intervention analysis
- Evaluating forecast performance