ECON 5337. BUSINESS & ECONOMIC FORECASTING. 3 Hours.
The course analyzes univariate and multivariate methods that allow users to capture patterns in data related to seasonality, trend and other random components to produce forecasts that are useful in virtually any business environment. Participants gain practical experience coding in relevant software. By the end of the course, students will be able to use statistical tools to critically assess the usefulness of alternative methods, which range from simple exponential smoothing to those that use machine learning. Prerequisite: ECON 5336 or BSAD 6317 or BSTAT 5325 or consent of instructor.