EMET3007 Business and Economic Forecasting- Assignment

Assignment Help Business Economics

Reference no: EM132395100

EMET3007 Business and Economic Forecasting Australian National University Australia

Forecasting Project

For this project you must choose a monthly or quarterly time series, make a forecast, and evaluate your success. This means you will need to turn in three reports.

Project Description

This report is a brief description (1-2 paragraphs) of the variable you intend to forecast. You must include the following:

• A precise description of the variable you will be forecasting

• The original source for the time-series

• Where you obtained the series

• Which date you intend to forecast, when that data will be released, and where the data will be released.

If you have access to proprietary data and wish to use that, that’s fine1. Otherwise you can use any data series you wish. E.g. US data series are fine to use if you want. The Project Description should not be more than one page.

Project Report

This is the main forecast report. This report will include

• A description of the data series, historical data, and time-series problems of the series

• A description of a number of forecasting methods which you have used on this data

• An evaluation of the efficacy of the forecasting models used

• An indication of the optimal forecasting method

• Forecasts of the series for the coming year using the optimal method

• This should include point forecasts as well as more developed forecasts

• Anything else you think would be of interest

Forecast Evaluation

This is a short evaluation of you forecast, where you compare your one-step-ahead forecast with the actual realization. Would a decision maker have been wise to follow your forecast?

Reference no: EM132395100

Questions Cloud

Variable cost of producing a cup of lemonade : Her best guess is that she can sell 300 cups per week at $0.50 per cup. The variable cost of producing a cup of lemonade is $0.20.

How do you communicate with stakeholders : 1. How do you communicate with stakeholders? Both internal and external 2. How do you build relationships with stakeholders?

Despite being a widely diversified conglomerate : Despite being a widely diversified conglomerate, Samsung prefers vertical integration: in-house design and development teams

Process of globalization that increase the opportunities : Explain why the global environment is becoming more open and competitive and identify the forces behind the process of globalization that increase

EMET3007 Business and Economic Forecasting- Assignment : EMET3007 Business and Economic Forecasting Australian National University Australia- A precise description of the variable you will be forecasting.

Operated successful brick-and-mortar business : You have owned and operated a successful brick-and-mortar business for several years.

CIVILEN 2405 - Computer Graphics for Civil Engineers : CIVILEN 2405 - Computer Graphics for Civil Engineers Assignment, Homework Help, The Ohio State University, USA. PROJECT - BLOCKS LIBRARY

Write down the planning and requirements definition : The Role of the Nurse Informaticist in Systems Development and Implementation, Assume you are a nurse manager on a unit where a new nursing documentation.

Forecasting to provide information on future demand : Utilizing one of the internet search engines, find a recent example of an organization utilizing forecasting to provide information on future demand.

User Account

All Pages