Courses NonDegree Display 2014-2015
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Course title | Forecasting for Economics and Business | |||||||||||||||||||||||||||||||||||||||
Course code | EBC2089 | |||||||||||||||||||||||||||||||||||||||
ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
Assessment | None | |||||||||||||||||||||||||||||||||||||||
Period |
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Level | Intermediate | |||||||||||||||||||||||||||||||||||||||
Coordinator |
Gerard Pfann For more information: g.pfann@maastrichtuniversity.nl |
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Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
Goals |
Understand the importance of knowing the mechanism that generated the data regarding the phenomenon about which a forecast is required;
Learn the basic tools for making forecasts including software (E-Views) Learn and understand methods to investigate dynamic relationships between a series and influential exogenous variables; Gain practical experience in analysing, modelling and forecasting a time series and reporting the results in coursepaper. |
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Description |
This course focuses on modern techniques in modeling time series and on the construction of simple dynamic models. The course will extensively cover the Box-Jenkins methodology, and extend to models with non-stationary data, forecasting with leading indicators and multivariate dynamic models (VAR).
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Literature |
The book by Diebold (2007), 'Elements of Forecasting'.
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Prerequisites |
This course can be chosen as an elective by students in the Bachelor program of IB, INF, IBE and IES. Students are expected to have a good foundation in quantitative methods, in particular statistics including knowledge about the multiple regression model.
Bowerman and O’Connell (2007), Business Statistics in Practice, 4th ed., McGraw-Hill, Chapters 1 to 12 give a good indication of the topics that students should have covered in earlier courses. An advanced level of English. |
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Teaching methods (indicative; course manual is definitive) | PBL / Presentation / Lecture / Assignment | |||||||||||||||||||||||||||||||||||||||
Assessment methods (indicative; course manual is definitive) | Final Paper / Participation / Oral Exam | |||||||||||||||||||||||||||||||||||||||
Evaluation in previous academic year | For the complete evaluation of this course please click "here" | |||||||||||||||||||||||||||||||||||||||
This course belongs to the following programmes / specialisations |
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