BUSI 5450G - Business Forecasting Techniques

This course examines the theory and application of major forecasting techniques and methods used in marketing, economics, operations management and other functional areas of business. Simple and multiple regression models are studied, followed by time series methods of smoothing, seasonal decomposition, econometrics and Box-Jenkins ARIMA modelling. After introducing simulation methods and forecasting expert systems, the course addresses important issues of model validation, selection and control in a business context as well as prediction confidence intervals.
Credit hours: 3