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ECONOMIC FORECASTING - course description

General information
Course name ECONOMIC FORECASTING
Course ID 04.0-WZ-P-EF-S18
Faculty Faculty of Economics and Management
Field of study WEiZ - oferta ERASMUS
Education profile -
Level of studies Erasmus programme
Beginning semester winter term 2023/2024
Course information
Semester 1
ECTS credits to win 5
Course type obligatory
Teaching language english
Author of syllabus
  • dr inż. Anna Łobos
Classes forms
The class form Hours per semester (full-time) Hours per week (full-time) Hours per semester (part-time) Hours per week (part-time) Form of assignment
Lecture 15 1 - - Exam
Class 30 2 - - Credit with grade

Aim of the course

Students can build the prognostic system for the enterprise, they know forecasting methods and choose a suitable method for solving a problem. Students can built forecasts and evaluate their quality.

Prerequisites

Knowing economics, mathematics and statistics.

Scope

Classes: Students solve practical problems with methods presented during lectures. These methods are: Simple regression, Regression with time series data, Judgmental forecasting (The Delphi method, Forecasting by analogy, Scenario forecasting, Forecasting for new products), Exponential smoothing, Simple exponential smoothing, Holt’s linear trend method, Exponential trend method, Holt-Winters seasonal method,  Students work individually or in a group.

Lectures: Simple regression, Regression with time series data, Judgmental forecasting (The Delphi method, Forecasting by analogy, Scenario forecasting, Forecasting for new products), Exponential smoothing, Simple exponential smoothing, Holt’s linear trend method, Exponential trend method, Holt-Winters seasonal method,

Teaching methods

Conventional lecture, solving problems, group work, classical problem method, discussion, brainstorming, exchange of ideas.

 

Learning outcomes and methods of theirs verification

Outcome description Outcome symbols Methods of verification The class form

Assignment conditions

Conditions of ranking for exercises: a positive mark in the test (min. 60%) Conditions of ranking for lectures: a positive mark in the writing exam (min. 60%) 

Recommended reading

  1. An online textbook by Rob J Hyndman and George Athanasopoulos, Forecasting: principles and practice, it is available via Internet http://otexts.com/fpp/
  2. A. Reza Hoshmand (2009), Business Forecasting, Second Edition, A Practical Approach, Routledge

 

Further reading

Notes

Lecturer: a.gondek@wez.uz.zgora.pl


Modified by dr inż. Anna Łobos (last modification: 31-05-2023 20:01)