Contributed Paper C195In session C8A (Wednesday 11th, 11:00–12:30, Level 2E - Room 9)
Teaching Time Series to Undergraduate Students
PresenterMike Forster (New Zealand)
Time Series is a neglected area of statistics. Few secondary schools include it in their statistical curriculum. There is minimal Time Series, if any, taught at undergraduate level in tertiary education, except in Econometrics. In graduate level Statistics the frequency domain and/or the Box-Jenkins technique are most common. In 2005 I suggested a third year undergraduate Applied Time Series course to provide a comprehensive set of tools that enabled students to forecast future activity. In 2017 the course was taught twice, pulling in over 170 third year and graduate level students. Some of the more advanced techniques I now teach include ARCH & GARCH, Panel Data and Co-integrated models. Using modern computer technology, advanced topics like these can be taught, provided the students understand the basics of Time Series data.