2020/2021 BA-BHAAV6008U Forecasting in Business and Economics
English Title | |
Forecasting in Business and Economics |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | Elective |
Level | Bachelor |
Duration | One Semester |
Start time of the course | Autumn |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Max. participants | 120 |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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Teaching methods | |
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Last updated on 25-06-2020 |
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Learning objectives | ||||||||||||||||||||||
Upon the end of the course, the students will be
able to:
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Course prerequisites | ||||||||||||||||||||||
Forecasting of time series requires the use of econometric models. The course assumes familiarity and completed bachelor courses in economics, basic econometrics and regression analysis. However, the necessary econometrics will be reviewed. | ||||||||||||||||||||||
Prerequisites for registering for the exam (activities during the teaching period) | ||||||||||||||||||||||
Number of compulsory
activities which must be approved (see s. 13 of the Programme
Regulations): 2
Compulsory home
assignments
In order to qualify for the exam, each student has to submit: Assignment 1: Midterm project of maximum 5 pages based on data of their own choice. Assignment 2: Everyone who handed in Assignment 1 has to read and give written feedback to two fellow student's midterm project assigned randomly. |
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Examination | ||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||
Accurate forecasting of future events and their outcomes is a
crucial input into a successful business or economic planning
process. Forecasting is used to answer important questions, such
as: How much profit will the business make? How much demand will
there be for a product or service? How much will it cost to produce
the product or offer the service? How much money will the company
need to borrow? When and how will borrowed funds be repaid?
Businesses must understand and use forecasting in order to answer
these important questions. This course provides an introduction to
the application of various forecasting techniques.
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Description of the teaching methods | ||||||||||||||||||||||
Lectures and exercises in computer labs.
Students are expected to write a small mid-term paper, and complete one peer-to-peer feedback assignment and write a 15-page final exam individual paper as an examination requirement. The students will be assessed by the research paper based on the individual forecasting project with actual economic and business data. |
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Feedback during the teaching period | ||||||||||||||||||||||
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Student workload | ||||||||||||||||||||||
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Expected literature | ||||||||||||||||||||||
Required:
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