Advanced Economic and Business Forecasting

General

Prefix

ECON

Course Number

670

Course Level

Graduate

Department/Unit(s)

College/School

Herberger Business School

Description

Economic and business forecasting methods; time series and regression-based techniques for short and long term forecasting.

Credits

Min

3

Max

3

Repeatable

No

Goals and Diversity

MN Goal Course

No

Cultural Diversity

No

Learning Outcomes

Outcome

Use different forecasting techniques to make accurate decisions in economic and business environments.

Outcome

Integrate the basics in regression analysis, time series analysis and their applications in forecasting.

Outcome

Analyze the trend, seasonal and cyclical issues of time series data in forecasting analysis.

Outcome

Apply the knowledge in Box-Jenkins, Exponential Smoothing and Vector Auto Regressive (VAR) Time Series forecasting models to provide better forecasts.

Outcome

Explain how to forecast with data driven forecasting methods.

Outcome

Analyze both single equation and multiple equation time series models to obtain forecasts.

Outcome

Construct forecast reports for higher level management for vital decision making.

Outcome

Obtain proficiency in different forecasting supported software packages.

Dependencies

Programs

ECON670 is a completion requirement for: