Business and economic forecasting
Associate Professor Ralph Snyder
3 points * One 3-hour session per week for six weeks * Second semester * Clayton * Prerequisite: MBA5460 or MBA5550
Objectives To provide an understanding of forecasting methods commonly used in business and economics; to foster the practical skills necessary to forecast successfully in practice; to provide the background necessary to evaluate and use automated computer packages for operational forecasting.
Synopsis Judgemental forecasting methods, descriptive forecasting methods, simulation of time series, global and local trends, seasonal effects, exponential smoothing methods, operational forecasting systems, forecasting with Microsoft Excel.
Assessment Written (practical and assignment work): 100%
Prescribed texts
Makridakis S and Wheelright S C Forecasting methods for management 5th edn, Wiley, 1989