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Continuing Education

OPMG102 - Forecasting for Production

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Course Overview

Are your forecasting skills up to the test? Forecasting is a critical element in virtually every significant management decision. Students will discover how accurate forecasting enables a manager to select the right combination of human and material resources needed to produce goods or services for customers.

Students will examine and discuss several scientific and mathematical forecasting models. A definition of forecasting will be presented, along with a discussion of differences between quantitative and qualitative forecasting methods. Accuracy and control forecasts are addressed, as well as forecasting in operations. Additional topics include:

  • data sources and accumulations
  • simple, moving and weighted moving averages
  • single exponential smoothing
  • linear regression
  • treating seasonal variations and cycles

    Students must bring a calculator to class.

    Prerequisite: OPMG101
    It is recommended that students have a good understanding of mathematics

Upcoming Offerings

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Section Start/End Schedule
A01 Oct. 08 - Oct. 17, 2019 Tue, Thu
Hours Delivery Fees
14 hours Evening $550
Meeting Times:
  • Oct. 8 to 17 - Tuesday, Thursday: 6:00 PM - 9:50 PM

Section Start/End Schedule
A01 Mar. 14 - Mar. 15, 2020 Sat, Sun
Hours Delivery Fees
14 hours Day, Weekend $550
Meeting Times:
  • Mar. 14 & 15 - Saturday & Sunday: 8:00 AM - 3:50 PM

*Day delivery ranges between 8 AM - 5 PM.
**Evening delivery ranges between 5 PM - 10 PM.