Forecasting

Table of Contents:
00:00 - Operations ManagementForecasting
00:03 - Objectives
00:09 - Outline
00:24 - What is Forecasting?
01:03 - Forecasting Provides a Competitive Advantage for Disney
01:28 - Forecasting Provides a Competitive Advantage for Disney
02:21 - Question - Importance?
03:17 - Forecasting Time Horizons
04:23 - Strategic Importance of Forecasting
05:51 - The Realities!
06:26 - Forecasting Approaches
06:52 - Forecasting Approaches
07:04 - Overview of Qualitative Methods
07:39 - Overview of Qualitative Methods
08:25 - Jury of Executive Opinion
09:18 - Delphi Method
09:46 - Sales Force Composite
09:59 - Market Survey
10:52 - Forecasting Variation Components
11:05 - Trend Component
11:23 - Seasonal Component
12:10 - Cyclical Component
12:29 - Random Component
12:46 - Overview of Quantitative Approaches
13:16 - Naive Approach
13:39 - Moving Average Method
14:03 - Moving Average Example
15:17 - Weighted Moving Average
15:40 - Weighted Moving Average
16:59 - Weighted Moving Average
17:00 - Potential Problems With Moving Average
17:51 - Exponential Smoothing
18:21 - Exponential Smoothing
19:14 - Exponential Smoothing Example
19:20 - Exponential Smoothing Example
19:51 - Exponential Smoothing Example
19:58 - Effect of Smoothing Constants
20:14 - Impact of Different 
20:45 - Effect of Smoothing Constants
20:46 - Exponential Smoothing Example
22:47 - Common Measures of Error
23:27 - Determining the MAD
24:17 - Monitoring and Controlling Forecasts
24:53 - Determining the MAD
25:31 - Monitoring and Controlling Forecasts
26:34 - Associative Forecasting
26:43 - Associative Forecasting
27:29 - Associative Forecasting Example
27:58 - Multiple-Regression Analysis
28:15 - Multiple-Regression Analysis
28:25 - Acknowledgements

[@elevatewealth.africa]

great stuff, thank you. I am doing an online class on this and its easier when someone explains it than when I just read it. Very helpful!

[@omarplays96]

This video really helped sum up the chapter for me in my OM course, thanks for uploading!

[@aneks3370]

Thank you for this direct, concise, and short discussion. Helped a lot:)

[@vincombs]

great job my friend... easy to follow and understand!

[@rasmitabasnet2877]

It's really helped me to review in minutes. Thank you.

[@KiranVarri]

Well Explained....Thank you :)

[@Vitilomani1]

Thank you. Very clear … and you talk at a very good pace…

[@maelizabeth3171]

thanks for this video! helped me a lot!

[@ashley2812]

Thank you so much needed this for a job interview

[@Brahmarshi100]

Exam Warriors'..'Gold Standards' ..Performance Appraisals .. Today's Spotlight : MS 51 Operations Management Love you. Thank you. God Bless You.

[@arwamohammad211]

Great effort thanks

[@aksoomro8138]

Hi Jason, its really great video ..

[@mehboobkhan3853]

Thank for well knowledge

[@ziaw123]

Brief, useful for beginners

[@hunhwasong8800]

really helpful

[@vincentoktavianus8753]

If you can share the deck/ppt that you use, it would be very helpful! Nice video btw!

[@GiulianoTaddei]

Jason this is a fantastic video. Do you have a book that goes over forecasting and regression/seasonality analysis you could recommend?

[@Vitilomani1]

Operations Management. By Jay Heizer Barry Render

[@realfan375]

at 22:37 we see the first quarter has a forecast of 175 for both 0.1 and 0.5, how was this calculated?

[@peterheine6240]

Hello Sir, I have a question about forecasting. Should plan corrections be determined during forecasting? Or is it not necessary to determine them? Why is there an extrapolation? An extrapolation is absolutely necessary.

[@ishmamrahim7568]

It would be really nice to get in contact to you, about more of this topic

[@Ahmedsaad-hq4dp]

Good

[@danlinsong8718]

hi can you help me see a forecasting problem？

[@gregorzimmermann9495]

well explained, thanks. My lecturer talks very slow and I tend to stop listening.