ETC2450

Applied forecasting for business and economics

(BUS)

Dr Catherine Forbes and Mr John Stapleton

6 points + Two 1-hour lectures and one 2-hour tutorial per week + First semester + Clayton + Prerequisite: ETC1010 or ETC2010 or ETC1031

Synopsis: Reliable forecasts of business and economic variables must often be obtained against a backdrop of structural change in markets and the economy. This subject provides a practical introduction to methods suitable for forecasting in these circumstances including exponential smoothing and Box-Jenkins ARIMA modelling. It also provides an introduction to applied multiple regression analysis. Students can expect to enhance their computer skills with exercises using advanced features of Microsoft Excel.

Assessment: Written (2 assignments ): 40% + Examinations (2 hours): 60%