Courses Bachelor Display 2018-2019

Course Description To PDF
Course title Forecasting for Economics and Business
Course code EBC2089
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
4 4-2-2019 5-4-2019 X/E X/E
Level Advanced
Coordinator Gerard Pfann
For more information: g.pfann@maastrichtuniversity.nl
Language of instruction English
Goals
Understand the importance of knowing the mechanisms that generate univariate time-series data.
Learn the basic tools for making forecasts including software (E-Views).
Learn and understand methods to investigate dynamic characteristics of time-series data.
Gain practical experience in analysing, modelling and forecasting a time series and reporting the results in course paper.
Description
This course will cover static and dynamic forecasting models, models with trends and seasonals, and cover the Box-Jenkins methodology for modeling cycles in stationary data. The course will provide students with a thorough understanding of time-series and with the empirical skills to estimate, test, and forecast the most appropriate dynamic models.
Literature
The book by Diebold (2014), 'Forecasting' (available online).
Prerequisites
This course can be chosen as an elective by students in the Bachelor program of IBE and IES. Students must have a good and solid foundation in empirical econometrics and applied statistics, in particular statistics including knowledge about the multiple linear regression model.

James H. Stock and Mark W. Watson : Introduction to Econometrics provides a good level indication of the prerequisites knowledge students must have to be able to follow this course successfully.

An advanced level of English.
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment
Assessment methods (indicative; course manual is definitive) Final Paper / Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics - Economics QE Electives
Bachelor Economics and Business Economics - Emerging Markets QE Electives
Bachelor Economics and Business Economics - Economics and Management of Information QE Electives
Bachelor Economics and Business Economics - International Business Economics QE Electives
Bachelor International Business QE electives
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