ETW3420 Principles of forecasting and applications
Faculty of Business and Economics
ETW3420 Principles of forecasting and applications is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at Malaysia. It needs ETF2100, ETS2410, ETC2410, ETW2410 or ETC3440.
- Credit points
- 6
- Offered in 2020
- Semester 2
- Malaysia
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETW3420
Prohibitions
You can't enrol if you have passed any of these.
After ETW3420
No unit lists ETW3420 as a prerequisite in the 2020 handbook.
Overview
Obtaining reliable forecasts of business and economic variables is a challenging task that organisations face. With a focus on time series data, students will be introduced to forecasting methods commonly used in practice. These methods include the decomposition of time series, exponential smoothing, and ARIMA modelling. Students can expect to enhance their computer skills with exercises using R.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
motivate the need for obtaining reliable forecasts in business and economics
- 2
apply appropriate statistical methods for business and economic forecasting
- 3
develop computer skills for forecasting from business and economic time series data
- 4
provide practical insights/implications derived from forecasts.
Workload and teaching
- Teaching approachPeer assisted learning
- Teaching approachProblem-based learning
- Teaching approachActive 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.
Learning resources
Technology resources
It is recommended that students download R and RStudio on their personal laptops. These softwares are compatible with both Windows and Mac computers.
Where it fits
ETW3420 is part of 3 areas of study in the 2020 handbook.
- BUSANLYT01Additional business analytics unitsBusiness analyticsNo reviews yet
- MECNMTCS02Additional econometrics and business statistics unitsEconometrics and business statisticsNo reviews yet
- MECNMTCS05Additional econometrics and business statistics unitsEconometrics and business statisticsNo reviews yet
Contacts
- Chief Examiners
- Dr Jason Ng Wei Jian
Common questions
What are the prerequisites for ETW3420?
You need ETF2100, ETS2410, ETC2410, ETW2410 or ETC3440 before you enrol.
When is ETW3420 offered?
In 2020, ETW3420 runs in Semester 2 at Malaysia.
How much work is ETW3420?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETW3420 have an exam?
No. ETW3420 has 1 assessment task and no exam.
Which majors and minors include ETW3420?
ETW3420 is part of Business analytics; and Econometrics and business statistics.