| Course Type | Elective Course |
|---|
| Course Level | Master's Degree Without Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- will have an ability to identify, formulate, and forecast parameters of the industrial problems.
- will have an ability to apply knowledge of mathematics, science, and engineering to the forecasting problems.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | The role and importance of forecasting in decision making process. Dimensions and phases of the forecasting technique. Qualitative and quantitative forecasting methods. Time series and its elements. Forecasting based on time series. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Role of forecasting in decision making |
|
2nd Week |
Data collection and analysis |
|
3rd Week |
Forecasting techniques |
|
4th Week |
Moving average methods |
|
5th Week |
Averaging and smoothing methods |
|
6th Week |
Simple exponential smoothing |
|
7th Week |
Exponential smoothing with trend |
|
8th Week |
Midterm |
|
9th Week |
Exponential smoothing with seasonality |
|
10th Week |
Simple linear regression model |
|
11th Week |
Nonlinear regression models |
|
12th Week |
Multiple linear models |
|
13th Week |
Time series analysis |
|
14th Week |
Time series regression models |
|
| Recommended or Required Reading | (1) Business Forecasting, 7th Ed., Hanke, Wichern, and Reitsch, Prentice Hall, 2001;
(2) Winston W. L. Operations Research, Applications, and Algorithms, 1994, Dixbury Press
|
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Questions/Answers
- Problem Solving
- Other
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
35 |
| Assignment |
3 |
15 |
| Quiz |
3 |
15 |
| Total(%) |
|
65 |
| Contribution of In-term Studies to Overall Grade(%) |
|
65 |
| Contribution of Final Examination to Overall Grade(%) |
|
35 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
3 |
4 |
12 |
| Individual or group work |
14 |
14 |
196 |
| Preparation for Final exam |
1 |
20 |
20 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
3 |
6 |
18 |
| Total Work Load | 312 |
| Total Work Load / 30 (h) | 10.4 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | Turkish |
|---|
| Work Placement(s) | No |
|---|
