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 2021 in Semester 2 at Malaysia. It needs ETW2500, ETC2410, ETW2510, ETC3440 or ETF2100.
- Credit points
- 6
- Offered in 2021
- Semester 2
- Malaysia
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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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 2021 handbook.
Overview
Obtaining reliable forecasts of business and economic variables is a challenging task that organisations face. With a focus on time series data, you will be introduced to forecasting methods commonly used in practice. These methods include the decomposition of time series, exponential smoothing, and ARIMA modelling. You can expect to enhance your computer skills with exercises using R.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment60%
- ExaminationThreshold hurdle40%
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
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
ETW3420 is part of 2 areas of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Jason Ng Wei Jian
Common questions
What are the prerequisites for ETW3420?
You need ETW2500, ETC2410, ETW2510, ETC3440 or ETF2100 before you enrol.
When is ETW3420 offered?
In 2021, 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?
Yes. The exam is worth 40% of the final mark, alongside 1 other task.
Which majors and minors include ETW3420?
ETW3420 is part of Business analytics; and Econometrics and business statistics.