Academic Catalog

IE461 FORECASTING METHODS

Course Code: 5680461
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 5.0
Department: Industrial Engineering
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Prof.Dr. ESRA KARASAKAL
Offered Semester: Fall or Spring Semesters.
Prerequisite: Set 1: 5680266
Set 2: 5680363
One of the sets above should be completed before taking IE461 FORECASTING METHODS.

Course Content

An overview of forecasting. Available methodologies, comparing individual methodologies, selecting a methodology and designing a forecasting system that fits the specific management - decision making requirements of the organization. Smoothing techniques, adaptive filtering, simple and multiple regression and correlation analysis, time series forecasting, Box-Jenkins methods, Input-Output and Econometric models.