ETC2450

Applied forecasting for business and economics

Associate Professor Ralph Snyder and Associate Professor Merran Evans

6 points
* Two 1-hour lectures and one 2-hour tutorial per week
* First semester
* Clayton
* Prerequisite: ETC1031 with pass or ETC1032 with credit

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; 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