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ECMT3130 - Forecasting for Economics and Business
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,480
International Fee: $4,080
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 2
Prerequisites: ECMT2110 or ECMT2010
Prohibitions: ECMT3030
Classes: 2x1-hr lectures/week, 1x1-hr lab/week

Assessment: assignment (20%), group assignment (25%), mid-semester test (20%) and 2.5hr final exam (35%)

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.
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