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Course Description
Business and Economic Forecasting (MECN-451-0)
1.00 Credit
Description:
This course counts toward the following majors: Decision Sciences, Managerial Economics. This course is an introduction to practical forecasting methods for individual industries and sectors of the economy. Emphasis is placed on forecasting financial markets, including short-term interest rates, bond yields, aggregate and industry stock prices, and foreign exchange rates. Actual economic data will be used throughout the course. Topics include methods of reducing multicollinearity, autocorrelation and heteroscedasticity; improving forecast accuracy; eliminating simultaneous equation bias; treatment of outlying or missing data points; seasonal adjustment; and use of percentage changes and logarithms in forecasting. Students should bring a laptop computer to class.
Prerequisite: DECS-434 or DECS-437.
Prerequisites:
All Students: DECS-434-0 OR DECS-437-0 OR IEMS-471-2
Corequisites:
None
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