Course Description
Presents an overview of different economic forecasting methods, including judgmental, decomposition, exponential smoothing, seasonal ARIMA and econometric methods. Particular emphasis is laid on the use of forecasting methods in practical circumstances. Computer programmes such as Excel, EViews and STATA will be used.
Intended Learning Outcomes
CILO-1: Apply various statistical and econometric techniques to forecast economic variables.
CILO-2: Describe the advantages and limitations of different forecasting methods and how to select the appropriate method for a given situation.
CILO-3: Evaluate the accuracy of economic forecasts and make adjustments when necessary.
CILO-4: Communicate economic forecasts and the reasoning behind them effectively to stakeholders.