ETC3550 Applied forecasting
Faculty of Business and Economics
ETC3550 Applied forecasting is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Clayton. It needs ETC2410, ETW2410, ETC3440, ETF2100 or ETS2410.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Clayton
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETC3550
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ETC3550
No unit lists ETC3550 as a prerequisite in the 2020 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Reliable forecasts of business and economic variables must often be obtained against a backdrop of structural change in markets and the economy. This unit introduces methods suitable for forecasting in these circumstances including the decomposition of time series, exponential smoothing methods, ARIMA modelling, and regression with auto-correlated disturbances. Students can expect to enhance their computer skills with exercises using R.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand common statistical methods used in business and economic forecasting
- 2
develop computer skills for forecasting business and economics time series data
- 3
provide insights into the problems of implementing and operating large scale forecasting systems.
Workload and teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Where it fits
ETC3550 is part of 5 areas of study in the 2020 handbook.
- ACTRLSTD02CoreActuarial studiesNo reviews yet
- ACTRLSTD06Additional actuarial studies unitsActuarial studiesNo reviews yet
- BUSANLYT01Additional business analytics unitsBusiness analyticsNo reviews yet
- BUSANLYT02Additional business analytics unitsBusiness analyticsNo reviews yet
- ECONOMTR01Additional econometrics unitsEconometricsNo reviews yet
Contacts
- Chief Examiners
- Professor Rob Hyndman
Common questions
What are the prerequisites for ETC3550?
You need ETC2410, ETW2410, ETC3440, ETF2100 or ETS2410 before you enrol.
When is ETC3550 offered?
In 2020, ETC3550 runs in Semester 1 at Clayton.
How much work is ETC3550?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Which majors and minors include ETC3550?
ETC3550 is part of Actuarial studies, Business analytics and Econometrics.