ETF3600 Quantitative analysis of limited dependent variables
Faculty of Business and Economics
ETF3600 Quantitative analysis of limited dependent variables is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 at Caulfield. It needs ETF2100, ETW2510, ETC2410 or ETC3440 and unlocks 1 unit.
- Credit points
- 6
- Offered in 2022
- Semester 1
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ETF3600
Prerequisites
Pass these before you enrol.
After ETF3600
1 unit list ETF3600 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Examples of interesting business problems include predicting and/or explaining consumer choices, loan discrimination and default, corporate bond ratings, bank failures, and selection of services. All of these phenomena are measured with data whose range is restricted. This unit covers the basic tools for estimating models with such data, known as limited dependent variables.
Topics to be covered include: probit and logit, ordered logit and multinomial probit, Tobit model, censored and truncated regression, count data and duration. Computer software will be used to apply these techniques to real world problems.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
provide a solid understanding of regression analysis including relationships with dependent variables that can be binary, in unordered categories, in ordered categories and duration variables
- 2
analyse these relationships using a software package
- 3
analyse, interpret and communicate the business value of results.
Workload and teaching
- Lectures24 hours
- Tutorials18 hours
- Teaching approachProblem-based learning
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.
This unit includes problem-based learning approaches, where students engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Where it fits
ETF3600 is part of 3 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Professor Farshid Vahid-Araghi
Common questions
What are the prerequisites for ETF3600?
You need ETF2100, ETW2510, ETC2410 or ETC3440 before you enrol. Enrolment rules also apply.
What can I take after ETF3600?
ETF3600 is a prerequisite or corequisite for 1 unit, including ETC4420.
When is ETF3600 offered?
In 2022, ETF3600 runs in Semester 1 at Caulfield.
How much work is ETF3600?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETF3600 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETF3600?
ETF3600 is part of Business analytics and statistics; and Financial econometrics.