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IBFcoursemodule

To earn the CPF designation, one must pass three exam modules that cover topics such as the role of forecasting in business, the forecasting process, time-series models, forecast accuracy, and collaborative forecasting techniques. The ACPF designation requires passing two additional advanced exam modules that cover regression and ARIMA modeling, new product forecasting, and forecasting systems and software packages.

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181 views

IBFcoursemodule

To earn the CPF designation, one must pass three exam modules that cover topics such as the role of forecasting in business, the forecasting process, time-series models, forecast accuracy, and collaborative forecasting techniques. The ACPF designation requires passing two additional advanced exam modules that cover regression and ARIMA modeling, new product forecasting, and forecasting systems and software packages.

Uploaded by

gutlu
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Certification Exam Module Topics

Certified Professional Forecaster (CPF)


To earn the CPF designation, one must pass exam modules 1 to 3.

EXAM MODULE 1 WHAT YOU NEED TO KNOW ■ What to look for in the data — inconsistency in the data,
ABOUT BUSINESS FORECASTING seasonality, extreme values, structural change, data
integrity, etc.
ROLE OF FORECASTING IN BUSINESS ■ How to handle different problems in the data including
■ Why forecasting is important inconsistency in the data, seasonality, number of days in a
■ How forecasting is used by different functions month, extreme values and structural change
■ Role of a forecaster/demand planner
TYPES OF MODELS
THE FORECASTING PROCESS (Only general understanding is needed, except for time-series models)
■ Role of management in forecasting ■ Time-series models
■ Forecasting requirements ■ Cause-and-effect models
■ Forecasting process ■ Judgmental models
■ Forecasting approach
■ Reconciliation of bottom-up and top-down forecasts TIME-SERIES MODELS
■ Role of judgment in forecasting ■ Averages, weighted averages, and moving averages
■ Demand management/demand planning ■ Exponential smoothing (single, double and triple)
■ Forecasting and marketing research ■ Trend
■ Managing forecast uncertainty & risk ■ Classical decomposition
■ Cumulative sales index
COLLABORATIVE PROCESS
■ Sales and Operations Planning (S&OP) FORECAST ACCURACY
■ Vendor Managed Inventory (VMI) program ■ Forecasting metrics
■ Collaborative Planning, Forecasting ■ Tracking and improving forecasting performance
and Replenishment (CPFR) ■ Selection and maintenance of a forecast model
■ Consensus forecasting ■ Aggregation and disaggregation of forecasts
■ Jointly Managed Inventory (JMI) ■ Consolidating SKUs into categories, and
■ Efficient Consumer Response (ECR) categories into overall total
■ Enterprise Resource Planning (ERP) ■ Disaggregating the overall total into categories
■ Effect of forecast accuracy on the supply chain, and categories into SKUs
inventory turns, and the bottom line BASIC KNOWLEDGE OF MS-EXCEL

EXAM MODULE 2 DATA SOURCES, DATA ANALYSIS & EXAM MODULE 3 FORECAST REPORTING AND
TREATMENT, AND TIME SERIES COMMUNICATION SKILLS
MODELS
FORECAST REPORTING AND PRESENTATION
DATA ■ Selling (buy-in) forecasts to end users
■ Types of data: shipment data, order data, ■ Politics of forecasting
syndicated/POS data, etc. ■ Translating technical material into simple language
■ “Slicing and dicing of data” ■ Validating forecasts (i.e., Why you think the forecast is
■ Sources of data and data collection accurate?)
■ Data analysis and data treatment ■ Balance score cards and how they impact inventory

Advanced Certified Professional Forecaster (ACPF)


One must be a Certified Professional Forecaster (CPF) to qualify.
To earn the ACPF designation, one must pass exam modules 4 & 5.

EXAM MODULE 4 FORECAST MODELING (Advanced) ■ New product forecasting


■ Combining different forecasts
REGRESSION MODELING
■ How to structure a regression model EXAM MODULE 5 FORECASTING SYSTEMS/PACKAGE
■ How to diagnose the quality of a model ■ Data synchronization
■ How to improve upon a model ■ Forecasting system vs. forecast software package
■ How to use what/if scenario and simulation ■ Forecasting system: applications and architecture
■ Event/promotional modeling ■ What to look for in selecting and setting up a forecast
ARIMA MODELING/BOX-JENKINS system
■ How to structure a model ■ System implementation
■ How to diagnose the quality of a model ■ Managing a forecasting system
■ How to improve upon a model ■ What to look for in selecting forecasting software package

To Register, tel. 800.440.0499 or 516.504.7576  web. www.ibf.org/cert.cfm  email. [email protected] 5

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