ETW3420 Time series forecasting: Principles and practice
Faculty of Business and Economics
ETW3420 Time series forecasting: Principles and practice is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 1 and Semester 2 at Malaysia. It needs ETC3440, ETF2100, ETC2410, ETW2500 or ETW2510.
- Credit points
- 6
- Offered in 2024
- Semester 1, Semester 2
- Malaysia
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
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Requisites
Before ETW3420
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ETW3420
No unit lists ETW3420 as a prerequisite in the 2024 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 2024
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
| 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
- Tutorials24 hours
- Teaching approachEnquiry-based 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
This unit includes problem-based learning approaches, where you 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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ETW3420 is part of 2 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Dr Nazirul Hazim
Common questions
What are the prerequisites for ETW3420?
You need ETC3440, ETF2100, ETC2410, ETW2500 or ETW2510 before you enrol.
When is ETW3420 offered?
In 2024, ETW3420 runs in Semester 1 and 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 Econometrics and business statistics.