- Code EMET3007
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- 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.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the various important concepts in forecasting and different approaches for modelling trend, seasonality and persistence
- Use the analytical tools that econometricians employ to analyze data
- Tailor-make models for their applications and use them to produce forecasts
- Complete basic programming tasks, including reading and modifying existing codes
- Assignments (60) [LO 1,2,3,4]
- Personal project (40) [LO 1,2,3,4]
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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.
Requisite and Incompatibility
See Class Summary and Wattle site.
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
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