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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: Canberra School of Politics, Economics and Society



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


    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


    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.


    8732 Problem Analysis and Statistics and 8730 Problem Evaluation and Resolution



    Assumed Knowledge

    Basic Statistics

    Incompatible Units


    Equivalent Units


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