UEH Master Programs

The Forecasting in economics and business course equips students with knowledge and skills in forecasting for business and economics using various approaches, both objective and subjective. The quality of the forecast depends on carefully considering the forecasting environment, preparing data sources from existing data, as well as designing research to collect primary data to provide input for forecasting models. The act of calculating the forecast itself does not create significance; it is the application of the forecast results in subsequent calculations and analysis for decision-making that demonstrates the meaning and importance of forecasting in business and economics.