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Unit of study_
ECMT3130: Forecasting for Economics and Business
2024 unit information
The need to forecast or predict future values of economic time series arises frequently in many branches of applied economic and commercial work. It is, moreover, a topic which lends itself naturally to econometric and statistical treatment. The specific feature which distinguishes time series from other data is that the order in which the sample is recorded is of relevance. As a result of this, a substantial body of statistical methodology has developed. This unit provides an introduction to methods of time series analysis and forecasting. The material covered is primarily time domain methods designed for a single series and includes the building of linear time series models, the theory and practice of univariate forecasting and the use of regression methods for forecasting. Throughout the unit a balance between theory and practical application is maintained.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECMT3130 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
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ECMT2010 or ECMT2110 or ECMT2030 or ECMT2130 or ECMT2160 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECMT3030 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate knowledge in applying econometric techniques to forecast economic variables.
Unit availability
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Modes of attendance (MoA)
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