Authorised by Academic Registrar, April 1996
Objectives On the 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; Monte Carlo simulation methods in forecasting, the use of Microsoft Excel and a statistics package for forecasting.
Assessment Written (2 assignments [computing and report]): 40% + Examinations (2 hours): 60%