Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Advanced Methods and Techniques of Forecasting (17.IMDR92)

Native organizations units: Department of Industrial Engineering and Engineering Management

Type of studies	Title
Doctoral Academic Studies	Industrial Engineering / Engineering Management (Year: 2, Semester: Winter)

General information:

Category	Scientific-professional
Scientific or art field	Proizvodni i uslužni sistemi, organizacija i menadžment
ECTS	10

The goal of the course is mastering the advanced techniques of intuitive, exploratory and normative techniques in the function of technological and business forecasting.

After completing the course and passing the exam, the student is able to use the advanced techniques of business and technology forecasting, which can be quantitative or qualitative. Students will be able to fully implement forecasting in real production and service systems.

Parameter selection and data collection. Data processing. The choice of forecasting methods. Exploratory methods: time series analysis, writing, morphological analysis. Normative methods: PATTERN methods and significance tree. Principles of prediction. Interpretation of forecasting results.

The lectures are auditory providing necessary theoretical background, while the exercises include examples of work assignments which are related to practical problems in the design of future technological trends.

Authors	Title	Year	Publisher	Language
Armstrong, J.	Principles of Forecasting: A Handbook for Reasearchers and Practitioners	2001	Norwell, Канада	English
John E. Silvia et. all	Economics and Business Forecasting	2014	John Wiley Sons Inc.	English
Gilliland, M. at. all	Business Forecasting	2016	John Wiley & Sons	English