IUE589 Business Forecasting

Code IUE589
Name Business Forecasting
Status Compulsory/Courses of Limited Choice
Level and type Post-graduate Studies, Academic
Field of study Economics
Faculty
Academic staff Konstantins Kozlovskis
Credit points 4.0 (6.0 ECTS)
Parts 1
Annotation Within the course the widely used models in the field of forecasting economic processes are considered. Attention is paid to the assumptions related to the corresponding type of models as well as different methods to mitigate the violence of the assumptions. Also, the principles of model validation are examined..
Goals and objectives
of the course in terms
of competences and skills
To provide students with knowledge about widely used model types in forecasting economic processes and to provide with world experience in building such models, as well. To learn students to work in a widely used software to build models for forecasting economic processes.
Learning outcomes
and assessment
Able to find necessary information and to prepare it in necessary data format according to the requirements of the corresponding software. - Assignments, tests.
Able to identify the features of an analyzed process and to make necessary transformations to mitigate their negative impact. - Assignments, tests.
Able to build a model correctly to forecast an economic process. - Assignments, tests, exam.
Able to use necessary tests to check the model assumptions. - Assignments, tests, exam.
Able to validate a model. - Assignments, tests, exam.
Able to work in widely used software to analyze data, to build models and to forecast economic processes. - Assignments, tests.
Course prerequisites The course is based on the knowledge gained in the bachelor program.

[Extended course information PDF]