ECO240 Forecasting for Business (8)
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. |
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+ Subject Availability Modes and Location
| Session 1 | | Distance | Wagga Wagga Campus |
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.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Accounting and Finance |
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Enrolment restrictions| Not available to students who have completed ECO250 |
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Learning OutcomesUpon 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. |
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SyllabusThe 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 |
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The information contained in the 2014 CSU Handbook was accurate at the date of publication: 13 September 2013. The University reserves the right to vary the information at any time without notice.
