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    Econometrics and Forecasting
    ECON A314
      More information: Course Guide
    Econometrics and Forecasting
    Course Start Date
    Aut 2020
    Course Level
    Higher
    Length in Terms
    1 term
    Credits
    5
    Language
    English
    Fees ($) (including lab fees)
    N/A
    Future Terms
    Course
    Start Date
    Course Level Length in Terms Credits
    Language
    Fees ($)
    (including lab fees)
    Future Terms
    Aut 2020
    Higher 1 term 5
    English
    N/A

    Course Coordinator: Dr Michael Ng, BBA (HKUST); MEcon, MStat (HKU); PhD (Leicester)

    Course Developers: Chan Chi Shing, The University of Hong Kong; and Michael Ng Chi Man, OUHK

    This course is offered to learners who need to use quantitative forecasting techniques in business and economic research. The course contains the discussion of various forecasting models including time series models and their applications in business and economics.

    Advisory prerequisite(s)
    You are advised to have already studied ECON A231, ECON A232 and ECON A313.

    Aims
    This course aims to expose students to the basics in econometrics and forecasting. Students will learn how to collect data and how to specify forecasting models in various areas in business and economics. The course also aims to familiarize students with the utilization of computer software in solving forecasting problems.

    Contents
    The course covers the following topics:

    • Forecasting using regression models

    • Exponential smoothing

    • Autoregressive moving average model

    • The management of forecasting

    Learning support
    There will be a series of tutorials scheduled on weekday evenings during the course.

    Assessment
    There are two assignments and a final examination. Students are required to submit assignments via the Online Learning Environment (OLE).

    Equipment
    Learners will need access to a personal computer operating under the English version of Windows 95 or above.

    Software
    The course will make use of the statistics software package ForecastxTM, which is an attachment of one of the set books. Most units and assignments will include some work with the software.

    Set book(s)
    Wilson, J H and Keating, B (2009) Business Forecasting, 6th edn, McGraw-Hill.

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