SB recently conducted The Art of Applied Forecasting workshop from 6 to 8 September 2021 in collaboration with RAM Rating Services Bhd and Universiti Malaya to increase competency in the area of forecasting. The objectives of the workshop are to enable participants to:
• learn the theoretical concepts, techniques and methodology for forecasting;
• apply the knowledge learnt to ongoing operational work and applications including to develop, interpret, assess and/or validate forecasting models - whether internal or external - that deploy such techniques and methods; and
• know and understand the different forecasting models/techniques, both quantitative and qualitative and the suitability of different forecasting techniques for the given data set and project objectives.
Participants were also taught on how to interpret the models’ results, outputs and implications for the project objectives and/or other intended use/applications evaluate the adequacy and shortcomings/constraints of various forecasting techniques, methods and/or models, whether internally developed or external by third parties. The workshop was also attended by representatives from Suruhanjaya Tenaga.
