ECON 694 - Business Forecasting

Credits: (3)

Instructional Method: Three hours lecture.
Prerequisites: Admission to the MBA Program or graduate status.
Forecasting involves making the best possible judgment about some future event. Topics covered include introduction to forecasting, a review of basic statistical concepts, exploring data patterns and choosing a forecasting technique, moving averages and smoothing models, regression analysis, time series analysis, the Box-Jenkins (ARIMA) methodology and judgmental elements in forecasting. Students will be trained in using computer-based models, databases and programs.