Forecasting in Business and Economics
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Special emphasis will be given to core forecasting techniques with the widest applicability. Attention will be paid to modelling and forecasting trends and cycles with topics including forecasting regression models, leading indicators, exponential smoothing methods, ARIMA models, pooling forecast procedures and forecast evaluation. The subject is applications-orientated.
High level of development: problem solving; statistical reasoning; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; accessing data and other information from a range of sources. Moderate level of development: oral communication; team work; application of theory to practice; receptiveness to alternative ideas.
Undergraduate subjects Graduate subjects Research subjects. Breadth search Breadth tracks. A graduate course offered by the Research School of Economics. Accurate forecasting of future events and their outcomes is a crucial input into a successful business or economic planning process.
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This course provides an introduction to the application of various forecasting techniques. The methods include trend curve extrapolation, smoothing, autoregressions, regression modelling, leading indicators. The course also looks at techniques for the evaluation of performance of forecasting methods and examines the role of forecasts in the decision making process.
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Students will learn how to use the various techniques in real world forecasting applications. Upon successful completion, students will have the knowledge and skills to:. Outlines are uploaded as they become available. The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity.
Business Economics and Forecasting
While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. If you are a domestic graduate coursework or international student you will be required to pay tuition fees.
Tuition fees are indexed annually.