ETF3231 - Business forecasting

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Overview

Forecasts are crucial for guiding the planning and decision making process in business. In this unit you will learn to apply reliable methods for generating accurate forecasts in a rapidly changing business environment. These include: an introduction to regression modelling from a forecasting perspective, classical decomposition, exponential smoothing, Box-Jenkins ARIMA … For more content click the Read More button below.

Forecasts are crucial for guiding the planning and decision making process in business. In this unit you will learn to apply reliable methods for generating accurate forecasts in a rapidly changing business environment. These include: an introduction to regression modelling from a forecasting perspective, classical decomposition, exponential smoothing, Box-Jenkins ARIMA modelling and judgemental forecasting. You will build your programming skills by learning to program in R, a free programming language for statistical computing.

Offerings

S1-01-CAULFIELD-ON-CAMPUS

Requisites

Prerequisite

ETW2001

6 CP

Foundations of data analysis and modelling

ETW2510

6 CP

Introduction to econometrics

ETX2250

6 CP

Data visualisation and analytics

ETB2111

6 CP

Business data modelling

ETC1010

6 CP

Introduction to data analysis

ETC2410

6 CP

Introductory econometrics

ETC3440

6 CP

Introductory econometrics

ETF2100

6 CP

Introductory econometrics

ETF2121

6 CP

Data analysis in business

Prohibition

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Professor George Athanasopoulos

Teaching approach

Active learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Laboratories

Lectures

Workload requirements

Workload

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.

Other unit costs

Costs are indicative and subject to change.
Electronics, calculators and tools: $40