• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Classification Advanced
  • Course subject Econometrics
  • Areas of interest Econometrics

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 in-depth understanding 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 programming tasks, including reading and modifying existing codes
  5. Demonstrate an understanding of journal articles that use intermediate forecasting methods

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

  1. Assignments: (60) [LO 1,2,3,4,5]
  2. Personal project (40) [LO 1,2,3,4,5]

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Workload

Students taking this course are expected to commit at least 10 hours per week of study - consisting of 4 contact hours per week (lectures and tutorial) plus private study time.

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed the equivalent of, or have concurrent enrolment in EMET8005, or either EMET2007 or EMET6007 or STAT2008 or STAT2014. Incompatible with EMET3007.

Prescribed Texts

See Class Summary and Wattle site

Specialisations

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, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7338 27 Jul 2020 03 Aug 2020 31 Aug 2020 30 Oct 2020 In Person N/A

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