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Toward democratize forecasting: Principles of forecasting with R

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Komar University of Science and Technology

Chaq Chaq - Qularaisi

Sulaymaniyah, Sulaymaniyah

Iraq

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Toward sustainability: democratise forecasting for decision making

This project aims to ‘train the trainers’ in the form of university students, academics and professionals on the principles of forecasting using R software to support decision making. The ultimate goal of this project is to train 1,000 individuals, over 5 years in 30 countries in the world. The idea is to focus on less favourite regions on the planet such as Africa, Asia and South-America.

Objective of the project:

  • To democratize forecasting and provide decision makers with a tool that is effective, valid and reliable to support decisions in organizations
  • To provide high quality and up-to-date training in forecasting and data analysis and promote the use of open source tools such as R and RMarkdown
  • To promote volunteering among academic staffs and researchers with a focus on less developed countries in Africa, Asia and South-America

This workshop covers a range of forecasting methods often applied in organizations to help decision makers take a better decision by having an estimation of the future. It explains the theoretical background behind them, reveals their strengths and limitations and apply them to produce forecasts using R statistical software as a forecasting tool.
Assuming basic knowledge of statistics and through a step-by-step approach from theory to practice, participants will learn:

  • The importance of forecasting and its relation to decision making in public organizations, private sector, governments, non-for-profit organizations, etc;

  • How to prepare data, explore and visualize them using R

  • The theory behind forecasting models and;

  • How to use R functions and their packages related to forecasting models;

  • How to analyze data, produce forecasts and evaluate their accuracy across a range of statistical forecasting models using real-world data;

  • How to visualize, export and report results for interpretation and insights.


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Date and Time

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Komar University of Science and Technology

Chaq Chaq - Qularaisi

Sulaymaniyah, Sulaymaniyah

Iraq

View Map

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