ECO240 Forecasting for Business (8)
CSU Discipline Area: Economics and Finance (ECFIN)
Duration: One session
Abstract:
The subject describes introductory business forecasting techniques. It covers quantitative forecasting methods including, smoothing, time-series and regression techniques. Qualitative judgmental forecasting approaches are also described. Computer software is used to implement these techniques where appropriate.
+ Subject Availability Modes and Locations
| Session 1 | |
|---|---|
| Distance | Wagga Wagga |
Continuing students should consult the SAL for current offering details: ECO240
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Assumed Knowledge:
Enrolment restrictions:
Not available to students who have completed ECO250
Objectives:
Upon successful completion of this subject, students should:
be able to explain the importance of forecasting to economic and business decision making;
be able to competently employ quantitative business forecasting techniques;
be able to employ judgemental business forecasting techniques;
be able to use forecasting results as an aid to solve economic and business decision making problems.
Syllabus:
The subject will cover the following topics:
- the need and role for forecasting - review of basic statistics - computer software for forecasting - smoothing method - decomposition methods - ARIMA forecasting methods - regression methods for forecasting - judgmental approaches to forecasting - forecasting and business decision problems
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.