Applied Business Forecasting

Catalog description

Prerequisite: OSM 202 or equivalent. A critical study of the forecasting methods available for use in business and nonbusiness organizations. The emphasis is on developing the ability to use regression and time series methods. An evaluation of forecasting techniques is also presented, including evaluation of accuracy, techniques for improving accuracy, and analysis of the appropriateness of each model. In addition, a number of statistical and forecasting software packages are demonstrated. This will enable the student to complete a series of forecasting projects that are required as part of the course.