Forecasting

Qualification: Postgraduate unit
Study mode: Online
Payment options: FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: Swinburne University of Technology
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

By improving your forecasting skills, increasingly your level of accuracy and offering you insights into the world of business, this online Forecasting unit from Swinburne University and Open Universities Australia is the perfect unit for anyone wishing to work in as a statistician.

The unit will demonstrate the numerous factors that can alter a forecast, analyse the many methods used and look at the history of the concepts. The Forecasting unit will improve your ability and confidence when developing models and provide you with essential skills for business. Through looking at historical examples and various theories, the unit will also teach you how to spot warning signs regarding regression as well as looking at forecasting cycles and interpreting forecast results for a general non-statistical audience. The online unit will also inform you of the best theories and models you can use to ensure that your forecasting is as accurate as possible.

From the ARMA, ARIMA and SARIMA models to basic team working skills, this unit will give you the complete core skills for working in forecasting, applied statistics and business.

Eligibility

Applicants must meet the following criteria to be eligible to enter this program:

  • You must be accepted into Graduate Diploma of Science or Master of Science

AND

  • It is recommended that you have completed the Statistical Practice 1 unit

Applicants will not be eligible to enrol if they have already completed this unit or an academic equivalent.

Areas of study

In this Forecasting unit, the topics you will study include:

  • Time series forecasting methods
  • Measures of accuracy
  • Introduction to smoothing methods
  • Methods for stationary forecasting
  • Methods for trend forecasting
  • Seasonal forecasts by smoothing
  • Decomposition methods
  • Regression and forecasting with cycles
  • Removal of non-stationarity and the autocorrelation function
  • ARMA models
  • ARIMA models
  • SARIMA models
  • Lagged regression models

Course pathways

This unit is a core requirement in the following courses:

  • Graduate Diploma of Science (Applied Statistics), Swinburne University
  • Master of Science (Applied Statistics), Swinburne University

Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.

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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

There's plenty of support on offer for OUA students. Find out more.

How will this unit advance my career?

This online unit could lead to a successful career in many roles in business, such as in investment banking, or could lead to employment as a forecasting analyst, fixed asset analyst, marketing analyst or financial planner. The forecasting skills you will learn in this unit are highly transferable across many fields, so the unit provides you with numerous potential employment options in many different sectors.

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in Forecasting from Swinburne University.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferable knowledge.
  • Government financial support through FEE-HELP may be available.
  • Studying single units allows you the flexibility to work towards a qualification at your own pace.
  • Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA's full degree programs.

Get more information

Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

Financial assistance

If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

You may be eligible to receive FEE-HELP for this course!

This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.

Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).

Find out more about government study loans here.
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Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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