Authorised by Academic Registrar, April 1996
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 Topics include judgmental 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%