UNIVERSITY OF SYDNEY 
ECMT3130: Forecasting for Economics and Business 
Final Examination Guide and Notes 2024 
 
- Part 01: Revision Notes 
- Part 02: Sample Final Examination Paper 
- Part 03: Suggested Solutions to Final Exam Paper 
- Part 04: Final Examination - Hints and Tips 
 
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ECMT3130: Forecasting for Economics and Business (Solutions) - USYD

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ACADEMIC YEAR 2023 - 2024

University	University of Sydney
Study Level	Undergraduate
Unit Code	ECMT3130
Unit Name	Forecasting for Economics & Business
Notes Title	Final Examination Guide and Notes
Page Length	71

This comprehensive study material is designed for ECMT3130: Forecasting for Economics and Business at the University of Sydney, covering all the key topics examined in this unit. It includes sample exam questions for practice, accompanied by detailed step-by-step solutions and clear marking schemes. The 2024 edition has been thoroughly updated to support students in honing their exam-taking skills, reducing errors, and boosting confidence when facing the actual exam. Designed to present information clearly and concisely, these notes are particularly useful for students with limited time who need an effective preparation technique that closely resembles the final examination.

The need to forecast or predict future values of economic time series arises frequently in many branches of applied economic and commercial work. It is, moreover, a topic which lends itself naturally to econometric and statistical treatment. The specific feature which distinguishes time series from other data is that the order in which the sample is recorded is of relevance. As a result of this, a substantial body of statistical methodology has developed. This unit provides an introduction to methods of time series analysis and forecasting. The material covered is primarily time domain methods designed for a single series and includes the building of linear time series models, the theory and practice of univariate forecasting and the use of regression methods for forecasting. Throughout the unit a balance between theory and practical application is maintained.

✔ Main topics to be covered:

Introduction
Elements of forecast evaluation
Time series data
Dynamic Time Series Models
Special Topics
Review

* Prerequisites: ECMT2010, ECMT2110, ECMT2030, ECMT2130, or ECMT2160.
* Prohibited Course: ECMT3030.

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ECMT3130: Forecasting for Economics and Business (Solutions) - USYD

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