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.

Three contact hours per week.

EMET2007 Econometric Methods or STAT2008 Regression Modelling.

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=EMET3007