Forecasting for Economics and Business (ECMT3130)
UNIT OF STUDY
The need to forecast or predict future values of economic time series arises frequently in many branches of applied economic and commercial work. It is, moreover, a topic which lends itself naturally to econometric and statistical treatment. The specific feature which distinguishes time series from other data is that the order in which the sample is recorded is of relevance. As a result of this, a substantial body of statistical methodology has developed. This unit provides an introduction to methods of time series analysis and forecasting. The material covered is primarily time domain methods designed for a single series and includes the building of linear time series models, the theory and practice of univariate forecasting and the use of regression methods for forecasting. Throughout the unit a balance between theory and practical application is maintained.
Our courses that offer this unit of study
- Bachelor of Arts and Bachelor of Economics
- Bachelor of Commerce
- Bachelor of Commerce (Liberal Studies)
- Bachelor of Commerce and Bachelor of Arts
- Bachelor of Commerce and Bachelor of Laws
- Bachelor of Commerce and Bachelor of Science
- Bachelor of Commerce and Doctor of Medicine
- Bachelor of Computer Science and Technology
- Bachelor of Computer Science and Technology (Advanced)
- Bachelor of Design Computing
- Bachelor of Economics
- Bachelor of Economics and Bachelor of Laws
- Bachelor of Economics and Doctor of Medicine
- Bachelor of Information Technology
- Diploma of Arts
Further unit of study information
1x2hr lecture/week, 1x1hr lab/week
assignment (20%), group assignment (25%), Mid-semester test (20%) and 2.5hr Final exam (35%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
ECMT2110 or ECMT2010 or (ECMT2150 and ECMT2160)
Study this unit outside a degree
If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.
If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.