Contributed Paper C195
In session C8A (Wednesday 11th, 11:00-12:30, Level 3 - Conference Room B)Teaching Time Series to Undergraduate Students
Presenter
Mike Forster (New Zealand)Abstract
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 2006 we began a third year undergraduate Applied Time Series course to provide a comprehensive set of tools that enabled students to forecast future activity. In 2018 the course was taught twice, pulling in over 190 third and fourth year students. Some of the advanced techniques taught include ARCH & GARCH, Panel Data and Co-integrated Time Series models. Using modern computer technology, advanced topics can be taught, provided the students understand the basics of time series.