In today’s dynamic business environment, accurate forecasting plays a critical role in financial decision-making and business valuation. Time Series Forecasting is a powerful tool that enables professionals to analyse past trends, predict future outcomes, and make data-driven financial decisions. Hosting training on “Time Series Forecasting for Business Valuation” is crucial as it helps valuation experts refine their predictive skills, minimise risks, and enhance business strategies. Proper training in forecasting methods equips professionals with the necessary techniques to evaluate market trends, demand fluctuations, and investment prospects with greater precision.
Aligned with this thought, Apeejay School of Management (ASM), Dwarka conducted an insightful online training session for Business Valuation Experts. The session was delivered by Dr. Pragya Arya, Assistant Professor at Apeejay School of Management. This session was a part of the Online Advanced (Level II) Certificate Course on AI and Analytics in Business Valuation, organised by ICMAI Registered Valuers Organisation.
Designed for experienced and aspiring Chartered Accountants specialising in business valuation, the session aimed to provide them with a deeper understanding of Time Series Forecasting methods and their application in financial analysis.
Dr. Arya commenced the session by explaining the fundamentals of demand components and qualitative forecasting methods, laying a strong foundation for participants. She then conducted a detailed discussion on quantitative Time Series Forecasting techniques, focusing on moving averages and exponential smoothing.
One of the key highlights of the training was its practical approach. Participants not only learned the theoretical aspects of forecasting but also gained hands-on experience in implementing these techniques using Microsoft Excel. They were guided on evaluating forecast accuracy using key performance metrics such as Mean Absolute Deviation (MAD).
The training session was highly appreciated by the participants, who found the content relevant and insightful. Many attendees requested further sessions covering advanced forecasting techniques to strengthen their expertise in predictive analytics for business valuation.
The training session on Time Series Forecasting for Business Valuation provided valuable knowledge and practical skills to financial professionals. By equipping Chartered Accountants with robust forecasting tools, such initiatives help enhance decision-making and accuracy in business valuation. Given the overwhelming response, further advanced training sessions on predictive analytics would be beneficial for professionals in the field.