Mathematical and Empirical Methods, Forecasting

Component code / course code: UF-21.1

Semester: winter / summer

ECTS credits: 3

Lecture hours per week (SWS): 2

Lecturer: Prof. Dr. Winter

Language: German / English

Prerequisites:  

Basics of statistics, such as those developed in the course on business statistics.

Qualification objectives: 

After completing the course, students are able to describe and explain different methods for empirical research, apply methods to solve concrete problems in case studies with the help of a PC, analyse the suitability of certain methods for 
selected problems and critically evaluate and appreciate corresponding analyses

Course contents: 

  • Inductive statistics and test procedures:
    Sampling methods, estimation methods, test methods
  • Multiple regression models:
    Bivariate non-linear regression, multiple regression, time series analysis
  • Forecasting:
    State models, recurrent models, autoregressive models

Teaching format (e.g. online/in person lecture/Seminar/Lab etc.): Inverted classroom with corresponding self-study, learning workshop and plenary session
Examination type: written exam