• Semester 1 (Day)
• Semester 1 (External)

Pre-requisite: 64001

Synopsis

This  unit  aims primarily to introduce students to a wide variety  of
forecasting  methodologies  and  the  situations  in  which  they  are
applicable.   The  unit  concentrates  predominantly  on   short-term,
quantitative  forecasting techniques which seek to  identify  patterns
from  historical  data  and to extrapolate  those  patterns  into  the
future.  We  also  discuss causal methods of  forecasting  through  an
analysis  of  simple and multiple regression analysis.  In  the  final
module of the unit, we make mention of the many qualitative techniques
available to the forecaster.