Course Title: Forecasting and Quantitative Analysis
Part A: Course Overview
Course Title: Forecasting and Quantitative Analysis
Credit Points: 12.00
Important Information:
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption.
Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ECON1061 |
City Campus |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Sem 1 2006, Sem 2 2006, Sem 1 2007, Sem 2 2007, Sem 1 2008, Sem 2 2008, Sem 1 2009, Sem 2 2009, Sem 1 2010, Sem 2 2010, Sem 1 2011, Sem 2 2011, Sem 1 2012, Sem 2 2012, Sem 1 2013, Sem 2 2013, Sem 1 2014, Sem 2 2014, Sem 1 2015, Sem 2 2015, Sem 1 2016, Sem 2 2016, Sem 2 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021 |
ECON1063 |
Kolej Metropolitan |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Offsh 1 09, Offsh 3 09, Offsh 1 10 |
ECON1064 |
Singapore Inst of Management |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Offsh 3 09, Offsh 3 10, Offsh 3 11, Offsh1 12, Offsh3 12, Offsh1 13, Offsh3 13, Offsh1 14, Offsh3 14, Offsh1 15, Offsh3 15, Offsh1 16, Offsh3 16, Offsh3 18, Offsh1 19, Offsh3 19, Offsh1 20, Offsh3 20, Offsh1 21, Offsh3 21 |
ECON1174 |
Hong Kong Management Associatn |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Offsh 3 11 |
ECON1267 |
RMIT University Vietnam |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Viet1 2012, Viet2 2012, Viet1 2013, Viet2 2013, Viet3 2013, Viet1 2014, Viet2 2014, Viet3 2014, Viet1 2015, Viet2 2015, Viet3 2015, Viet2 2016, Viet1 2019, Viet3 2019, Viet2 2020, Viet1 2021, Viet3 2021 |
ECON1331 |
RMIT Vietnam Hanoi Campus |
Undergraduate |
625H Economics, Finance and Marketing |
Face-to-Face |
Viet3 2019, Viet2 2020, Viet1 2021, Viet3 2021 |
Course Coordinator: Dr Yonatan Navon
Course Coordinator Phone: +61 3 9925 7235
Course Coordinator Email: yonatan.navon@rmit.edu.au
Course Coordinator Location: Melbourne Campus, Building 80
Course Coordinator Availability: By appointment via email
Pre-requisite Courses and Assumed Knowledge and Capabilities
Business Statistics 1 (ECON1030/ECON1193/ECON1035 or an equivalent offering code)
Course Description
The focus of this course is on forecasting. Forecasting is all about predicting the future, which if done accurately, can translate to higher profit for businesses for example (or help to improve the effectiveness of a vaccine). You will learn some of the most up-to-date forecasting techniques analysts use in the business world while we cover real-world case studies. We will also be using the very popular statistical software R which may serve you well in your careers.
This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience.
Objectives/Learning Outcomes/Capability Development
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On successful completion of this course you will be able to:
CLO1: Understand how an accountant, an economist or a manager can use forecasting and quantitative techniques to help them make better informed decisions. CLO2: Explain many of the mathematical aspects related to the areas of economics, finance & accounting. CLO3: Solve problems in the areas of business and statistics. CLO4: Critically analyse quantitative findings published by the media, research agencies and the Government to validate and verify its accuracy. CLO5: Undertake independent quantitative analysis to make forecasting and informed decisions and provide advice accordingly in professional and non-professional contexts. CLO6: Communicate quantitative findings and results in a professional manner to a non-technical audience including decision makers, stakeholders and the general public.Overview of Learning Activities
In this course you will be encouraged to be an active learner, with an emphasis on insight into industry practice. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
You are required to participate in various learning activities. These activities comprise of, but not limited to the following:
- Attendance and note-taking during scheduled lectures, especially those with industry speaker/s.
- Reading and note-taking from recommended text books and other references.
- Attendance and participation in tutorial classes.
- Consultation with academic staff during scheduled office hours.
- Participation in individual learning activities including regular accessing of Learning Hub information.
Overview of Learning Resources
Various learning resources are available online through myRMIT/Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows.
Assessment Task 1: 10%
Linked CLOs: 1, 2
Assessment Task 2: 50% (WIL)
Linked CLOs: 1, 3, 4, 5, 6
Assessment Task 3: 40%
Linked CLOs: 1, 2, 3, 4, 5
Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.