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Business Forecasting (6396.5)

Level: Level 3 - Undergraduate Advanced Unit
Credit Points: 3
HECS Bands:
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

    Availability

    This unit is no longer offered. Information may be available for Units in the following years:

    Syllabus

    This unit explores the process of Business forecasting. Forecasting is necessary for individuals and businesses to make plans for the future and take decisions in an uncertain environment. Students will be introduced to various time series forecasting methods and procedures that will be useful in the prediction of key variables.

    Learning Outcomes

    DESCRIPTION:

    1. Upon successful completion of this unit, students will be able to: Analyse the nature of forecasting problems in a business and economic environment and why a forecast is needed;

    2. Critically compare and contrast types of data patterns using graphical summaries;

    3. Distinguish between different forecasting methods and the tasks for which they can be used; and

    4. Apply simple forecasting techniques using some basic software.

    Contact Hours

    3 hours contact per week.

    Prerequisites

    8732 Problem Analysis and Statistics and 8730 Problem Evaluation and Resolution

    Corequisites

    None

    Assumed Knowledge

    Basic Statistics

    Incompatible Units

    None

    Equivalent Units

    None

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