|Level:||Level 2 - Undergraduate Intermediate Unit|
Band 3 2013-2020 (Expires 31 Dec 2020) Band 4 2021 (Commenced After 1 Jan 2021) Band 5 2021 (Commenced Before 1 Jan 2021)
|Faculty:||Faculty of Business, Government & Law|
|Discipline:||Canberra School of Politics, Economics and Society|
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- Semester 2, 2019, ON-CAMPUS, BRUCE (189959) - View
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This unit deals with econometric models and their application to problems in economics, finance and business. The unit builds on basic statistics concepts covered in an introductory statistics course. The focus is mainly on practical issues concerned with specifying, estimating and testing econometric models using a computer package. Topics covered in the unit include linear regression (with one and multiple regressors), hypothesis testing, regression with panel data, regression with binary dependent variable and time series regression and forecasting.
After successful completion of this unit, students will be able to:
1. Use econometric models and methods to analyse and interpret real data in finance and economics;
2. Manipulate econometric software to conduct empirical econometric analysis focused on solving a range of real world problems in finance and economics;
3. Identify the limitations of commonly used econometric models; and
4. Incorporate the outputs of various statistical and econometric models in reports to stakeholders, in ways that assist them to make decisions.
One 2 hour lecture and one 1 hour tutorial on-campus per week.
11165 Quantitative Methods in Commerce
Students should have knowledge of basic statistics contained in the pre-requisite unit 'Quantitative Methods in Commerce'.
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