An introduction for forecasting models. Use of these models in making forecasts in business and industry is considered. DS 638 Simulation and Modeling. Introduction to digital simulation techniques as they apply to business. The course presents the basic concepts involved in simulation, describes applications of simulation to business problems and discusses technical problems associated with the use of simulation.
Emphasis is on the design and operation of computer models.
Macroeconomic activity as a major determinant of firm operations. Short-term economic forecasting, econometric models, opportunistic models, economic indicators. Forecasting business investment, housing, consumer purchases, other GNP components. Seasonal variation and methods of seasonal adjustment. An experimental course for subject matter not provided in other departmental offerings.