Fundamentals of Business Forecasting & Planning Workshop with an FP&A Perspective
Virtual Financial Forecasting, Planning & Budgeting Conference
Fundamentals of Business Forecasting & Planning Workshop with an FP&A Perspective

Data Science Workshop


This workshop will provide practical tips to incorporate into your own organization, where you’ll learn to leverage the cutting-edge of analytics technology. We will focus on data science applications for forecasting and best practices. Recent advances in forecasting, often called Predictive Analytics techniques, involve the use of Big Data, including analysis of textual data like that created by social media (Facebook etc.). This ½ day masterclass will be especially helpful for demand planners and forecasters looking to implement the latest advancements and next-level techniques.


I. INTRODUCTION


II. SOFTWARE OVERVIEW

• Popular Data Science tools

• Overview of Open Source Platforms (R & Python)


III. ENVIRONMENT

• Reading and summarizing data

• Merging data objects

• Feature engineering

• Installing and initiating packages


IV. DATA CLEANSING & PREPARATION

• Feature Scaling

• Univariate vs Multivariate Outlier Detection

• DBSCAN clustering, anomaly extraction


V.MACHINE LEARNING

MODULE 1 – REGRESSION

• Machine Learning Defined

• Comparison to Statistical Methods

• Artificial Neural Networks


VI. MODEL OPTIMIZATION

• K-Fold Cross Validation

• Parameter Selection

• Assessing model accuracy, stability

• Combining models to improve accuracy


VII.MACHINE LEARNING

MODULE 2 – CLASSIFICATION

• Overview of Ensemble Modeling

• Random Forest Trees


VIII.MACHINE LEARNING

MODULE 3 – ADVANCED TOPICS

• Gradient Boosted Trees

• Explaining model behavior

• Communication and Telling Stories with Data


IX. DATA VISUALIZATION

• Plotting Basics

• Advanced Graphics


X. TOPICS OF EXPLORATION

author
Mark Lawless, ACPF
Senior Consultant
Institute of Business Forecasting & Planning
Mark has held senior management and C-level positions at several companies across multiple industries. His experience covers manufacturing operations, product development, sales, finance, and marketing. Mark is a long-time affiliate of the Institute of Business Forecasting, having served in advisory roles and delivering training to many companies worldwide. He is the recipient of IBF's 2016 Lifetime Achievement in Business Forecasting & Planning Award. He holds an undergraduate degree in Economics, and graduate degrees in Economics, Finance, and Accounting from Southern Illinois University (Edwardsville), Washington University (St. Louis), Boston College, and Bentley College. He is an IBF Advanced Certified Professional Forecaster (ACPF).