Undergraduate - UnitETF3231 - Business forecasting

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 2, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Caulfield First semester 2015 (Day)
Coordinator(s)	Associate Professor George Athanasopoulos

Synopsis

Basic forecasting tools. Review of basic time series analysis techniques. Moving averages and exponential smoothing forecasting methods. Box-Jenkins method of forecasting. Comparison of forecasting techniques. Introduction to time series regression and dynamic models. Applications to time series from the accounting, economics, banking, finance and management areas. Excel and SPSS will be used.

Outcomes

The learning goals associated with this unit are to:

identify the basic tools of forecasting and define the basic time series analysis techniques
describe the decomposition techniques, exponential smoothing forecasting techniques and Box-Jenkins method of forecasting
compare the forecasts of real economic, business and financial time series by decomposition techniques and exponential smoothing techniques using Excel and Box Jenkins method using SPSS
differentiate between decomposition methods, exponential smoothing methods and autoregressive methods of forecasting
analyse time series in the business environment using the appropriate methods and interpret computer output.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Associate Professor George Athanasopoulos

Prerequisites

Students must have passed ETX2111, ETX2121, ETF2121, ETF2100 or ETC1010 before undertaking this unit or must be enrolled in course 3822 or 4412.

Prohibitions

ETC2450 and ETX3231