ECON 4760:Business Forecasting

3 Class Hours 0 Laboratory Hours 3 Credit Hours
Prerequisite: Business Majors: Sophomore GPA Requirement and ECON 4710 ; Non-business Majors: 60 credit hours, ECON 4710 or STAT 3130, and permission of the Coles College of Business.
Econometric and time series methods for forecasting business and economic data are introduced. Specific topics include: basic graphic methods for analyzing data; modeling forecasting trend and seasonality; ARMA modeling of time series; unit root and ARIMA process; forecasting volatility; evaluation and comparison of forecasting models.