Basics of Forecasting

Forecasting plays a critical role in higher education planning and decision-making. This webinar introduces participants to fundamental forecasting concepts, including the history of forecasting, key assumptions, data requirements, and methodology. Participants will explore examples of prior enrollment forecasting work and learn how to manage communications around forecasts, including transparency about assumptions and updates. The session also addresses best practices such as parsimony, appropriate update schedules, and audience management to ensure effective and actionable forecasting results.

• Understand why forecasting is important and identify potential stakeholders of this work.
• Understand basics of forecasting such as time horizon, data patterns, cost considerations, accuracy needs, data availability, and operational ease.
• Understand prior work conducted in enrollment forecasting.
• Apply best practices such as parsimony, communication of assumptions, update schedules, and audience management.

Registration Information

A recording of this webinar will be available for 30 days from the time of purchase.

Length/Time Commitment

1 Hour