• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Econometrics
  • Areas of interest Econometrics
  • Academic career UGRD
  • Course convener
    • Dr James Taylor
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in Second Semester 2020
    See Future Offerings

Accurate forecasting of future events and their outcomes is a crucial input into a successful business or economic planning process. This course provides an introduction to the application of various forecasting techniques. The methods include trend curve extrapolation smoothing, autoregressions, regression modelling, leading indicators. The course also looks at techniques for the evaluation of performance of forecasting methods and examines the role of forecasts in the decision making process. Students will learn how to use the various techniques in real world forecasting applications.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. demonstrate an understanding of the various important concepts in forecasting and different approaches for modelling trend, seasonality and persistence
  2. Use the analytical tools that econometricians employ to analyze data
  3. Tailor-make models for their applications and use them to produce forecasts
  4. Complete basic programming tasks, including reading and modifying existing codes

Indicative Assessment

  1. Assignments (60) [LO 1,2,3,4]
  2. Personal project (40) [LO 1,2,3,4]

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Workload

Students taking this course are expected to commit at least 10 hours per week consisting of 2 hours of lectures and a 1 hour of tutorial as well as 7 hours of private study.

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed EMET2007 Econometrics I: Econometric Methods or STAT2008 Regression Modelling or STAT2014 Regression Modelling for Actuaries. Incompatible with EMET8012.

Prescribed Texts

See Class Summary and Wattle site.

Minors

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7323 27 Jul 2020 03 Aug 2020 31 Aug 2020 30 Oct 2020 In Person N/A

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