Business Forecasting (6396.5)
|Level:||Level 3 - Undergraduate Advanced Unit|
|Faculty:||Faculty of Business, Government & Law|
|Discipline:||School of Government & Policy|
This unit is no longer offered. Information may be available for Units in the following years:
- Version 1 - Start Date: 21/07/2004 End Date: 31/12/2006
- Version 2 - Start Date: 01/01/2007 End Date: 31/12/2008
- Version 3 - Start Date: 01/01/2009 End Date: 31/12/2012
- Version 5 - Start Date: 01/01/2015 End Date: 31/12/2015
- Version 4 - Start Date: 01/01/2013 End Date: 31/12/2014
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.
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.
3 hours contact per week.
8732 Problem Analysis and Statistics and 8730 Problem Evaluation and Resolution