Forecasting in raw materials industry

Type of study	Bachelor
Language of instruction	Czech
Code	545-0158/02
Abbreviation	PSP
Course title	Forecasting in raw materials industry
Credits	4
Coordinating department	Department of Economics and Control Systems
Course coordinator	prof. Ing. Jaroslav Dvořáček, CSc.

Subject syllabus

1. Task of forecasting activity.
2. Possibility of forecasting.
3. Forecasting and decision making process.
4. Forecast as starting point of strategic decisions, specification in the
field of raw materials.
5. Forecasts classification.
6. Methods of forecasting.
7. Methods of forecasting based on analogy.
8. Methods of forecasting based on information of experts.
9. Methods of forecasting based on prolongation.
10. Methods of forecasting based on system approach.
11. Forecasts of Rome club.
12. Global forecasts in the field of raw material sources.
13. Prediction of production, consumption and price development of selected raw materials.

E-learning

Learning management system Moodle (lms.vsb.cz).

Literature

HYNDMAN, Rob J. and George ATHANASOPOULOS. Forecasting: principles and practice. 2nd edition. Melbourne: OTexts, 2018. ISBN 978-0-9875071-1-2.
ELLIOTT, Graham, Clive William John GRANGER and Allan TIMMERMANN, ed. Handbook of economic forecasting. Volume 1. Amsterdam: Elsevier/North-Holland, 2006.
RUNGE I. C. Mining economics and strategy. Society for Mining, Metallurgy and Exploration, Inc. Littleton, 1998.
CLEMENTS M. P.,HENDRY D. F.(ed.): A Companion to Economic Forecasting. 2004. Wiley Online Library.

Advised literature

EVANS, Michael K. Practical business forecasting [online]. Hoboken: John Wiley & Sons, 2008 [cit. 2017-11-14]. ISBN 978-0-470-75562-4.
DVOŘÁČEK, Jaroslav. Forecasting. VŠB-TU Ostrava, HGF, 2007.
LIU, Lon-Mu. Time series analysis and forecasting. 2nd ed. Villa Park: Scientific Computing Associates, 2006. ISBN 0-9765056-6-5.
MAISEL, Lawrence and Gary COKINS. Predictive business analytics: forward-looking capabilities to improve business performance. Hoboken: Wiley, 2014. ISBN 978-1-118-17556-9.

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