Number and length of classes: 3 hours teaching per week, consisting of 1 x 2 hour lecture and 1 x 1 hour tutorial. Tutorials begin in Week 2.
Classes may be face-to-face or online depending on your choice of timetable and the prevailing public health advise due to the COVID-19 pandemic.
The timetable for classes can be found on the University web site at: https://timetables.mq.edu.au/2021/
Recommended Texts and/or Materials
You do not need to buy these books. Handouts of readings that cover similar material will be distributed via iLearn.
Hanke, John E & Wichern, Dean W, (2013), Business Forecasting, (International Edition) Pearson, (9th Edition) ISBN: 9781292023007, ISBN 10: 1292023007
Also available as a Kindle book.
The library has complimentary electronic copies where a certain number of users can access the book at the same time.
Hyndman, Rob J and Athanasopoulos, George (2014), Forecasting: principles and practice, OTexts Online: https://www.otexts.org/fpp/
Technology Used and Required
Students will learn to use Microsoft Excel (compulsory) and MINITAB (optional).
Unit Web Page
The web page for this unit can be found at: iLearn http://ilearn.mq.edu.au
Teaching and Learning Strategy
This unit is lecture- and tutorial-based. Typically, the class-time structure will be like this:
- Lectures: Business Forecasting theory and concepts will be discussed. We will establish links between theory and your personal knowledge in a business strategic planning setting during class discussions.
- Tutorials: students are required to work on some tasks of business forecasting solutions using several models and techniques. Student participation and meaningful contribution are essential to understand business forecasting concepts and calculations.
Lecture notes will be posted before each lecture on iLearn
Passing the Unit
Students must obtain a mark of 50% to pass the unit.
There are no other hurdle requirements for passing the unit.