ETC2450

Applied forecasting for business and economics

Associate Professor Ralph Snyder

6 points · Two 1-hour lectures and one 2-hour tutorial per week · First semester · Clayton · Prerequisite: ETC1031

Objectives On successful completion of this subject students will possess an understanding of common statistical methods used in business and economic forecasting; the skills required to utilise a typical computer forecasting package; and insights into the problems of implementing operational forecasting systems in business.

Synopsis Exponential smoothing and associated methods; multiple regression analysis; Box-Jenkins approach to forecasting; operational forecasting systems for business; the use of Microsoft Excel and a statistics package for forecasting.

Assessment Written (2 assignments [computing and report]): 40% · Examinations (2 hours): 60%

Recommended texts

Newbold P and Bos T Introductory business and economic forecasting South Western, 2nd edn, 1994

Back to the 1999 Business and Economics Handbook