ObjectivesIt provides extensive training in forecasting and modelling techniques, with a wide range of applications in business, finance and the national economy.
Entry requirementsThis course is ideal if you are keen to advance your career as an economic/business modeller or forecaster or are working in a related area that would benefit from training in modelling or forecasting methods.
Academic titleBusiness and Economic Forecasting MSc
Course descriptionBusiness and economic forecasting plays an important role in decision making in industry, financial services, commerce and government. In an uncertain environment, the success of a business or economic policy depends on the ability of managers to foresee and prepare for the future.
What will you study?
You will develop skills in the quantitative techniques that support planning and forecasting, ensuring that you are equipped with the essential theoretical and practical skills of modelling and forecasting. You will study the multiple linear progression model and explore its range of applicability as a modelling framework. You will look at the wide range of approaches to forecasting in the business environment. You will explore how the macroeconomic climate affects business, and analyse the strengths and weaknesses of macroeconomic forecasts. You will also learn how to write professional forecasting reports.
Course structure
Please note that this is an indicative list of modules and is not intended as a definitive list.
Modules
-Foundation Module4
-Econometrics5
-Time Series Methods6
-Computing7
-Business Forecasting8
-Business Forecasting Workshop9
-Macroeconomic Modelling and Forecasting10
-Macroeconomic Modelling and Forecasting Workshop11
-Dissertation (Business and Economic Forecasting)12