2024/2025 BA-BHAAI1098U 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 | Summer |
Start time of the course | Summer, Summer |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Min. participants | 30 |
Max. participants | 100 |
Study board |
Study Board for BSc in Economics and Business
Administration
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Course coordinator | |
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For academic questions related to the course, please contact course coordinator Natalia Khorunzhina at nk.eco@cbs.dk | |
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Teaching methods | |
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Last updated on 07/11/2024 |
Relevant links |
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 statistics or econometrics and regression analysis. However, the necessary econometrics will be reviewed. | ||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||||
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Student workload | ||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||
6-week course.
Preliminary assignment: The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment and grading. |
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Expected literature | ||||||||||||||||||||||||||
Diebold FX Forecasting in Economics, Business, Finance and
Beyond. University of Pennsylvania, 2017.
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