Predictive Analytics
Issued by
Fashion Institute of Technology
This course covers analytics techniques applied to retail and fashion-related industries. Both analytic and business side of all calculations and techniques will be discussed. How these techniques are used and why they make sense for a business are woven together throughout the course. Students will learn how to analyze demand and retail data and how components such as seasonality, trend, and weather affect the data. Statistical data will be used to predict forecasts and measure their accuracy.
- Type Learning
- Level Foundational
- Time Weeks
Skills
Earning Criteria
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Students will work directly with visiting industry experts from Planalytics. You will develop the ability to analyze inventory management decisions using the tools of statistics and probability and gain facility in decision making under uncertainty. This course will involve hands-on use of common spreadsheet tools with many specific applications involving the fashion industry. Emphasis will be on common analytical techniques that can be leveraged for any business situation.