ETF3231 Business forecasting
Faculty of Business and Economics
ETF3231 Business forecasting is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Caulfield. It needs ETC1010, ETF2121, ETC2410, ETW1010, ETC3440, ETW2111, ETB2111, ETF2100 or ETW2410.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Caulfield
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
No reviews yetNo reviews yet. Be the first to review ETF3231.
Requisites
Before ETF3231
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ETC1010Introduction to data analysisNo reviews yet
- ETF2121Data analysis in businessNo reviews yet
- ETC2410Introductory econometricsNo reviews yet
- ETW1010Data modelling and computingNo reviews yet
- ETC3440Introductory econometricsNo reviews yet
- ETW2111Business data modellingNo reviews yet
- ETB2111Business data modellingNo reviews yet
- ETF2100Introductory econometricsNo reviews yet
- ETW2410Introductory econometricsNo reviews yet
After ETF3231
No unit lists ETF3231 as a prerequisite in the 2020 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Forecasts are crucial for guiding the planning and decision making process in business. In this unit you will learn to apply reliable methods for generating accurate forecasts in a rapidly changing business environment. These include: an introduction to regression modelling from a forecasting perspective, classical decomposition, exponential smoothing, Box-Jenkins ARIMA modelling and judgemental forecasting. You will build your programming skills by learning to program in R, a free programming language for statistical computing.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| First semester (Fully flex) | Caulfield | Flexible |
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop statistical skills for analysing data in a business environment
- 2
learn how to build accurate and robust models for forecasting
- 3
acquire computer skills vital for forecasting business and economic data.
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
ETF3231 is part of 2 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Professor George Athanasopoulos
Common questions
What are the prerequisites for ETF3231?
You need ETC1010, ETF2121, ETC2410, ETW1010, ETC3440, ETW2111, ETB2111, ETF2100 or ETW2410 before you enrol.
When is ETF3231 offered?
In 2020, ETF3231 runs in Semester 1 at Caulfield.
How much work is ETF3231?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Which majors and minors include ETF3231?
ETF3231 is part of Business statistics.