THE UNIVERSITY OF NEWCASTLE, AUSTRALIA 
ECON2003 - Predictive Modelling in Business 
Final Examination Guide and Notes 2025 
 
Part 01. Revision Notes 
Part 02. Sample Final Examination Paper 
Part 03. Suggested Solutions to Final Exam Paper 
Part 04. Final Examination - Hints and Tips 
 
The 24/7 Online Support You Deserve
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the course to provide assistance and help ensure that you’re on the right track to graduating.
 
Looking for more study resources?
Find out about all the services and resources available for students at the 
University of Newcastle.

University of Newcastle - ECON2003: Predictive Modelling in Business

$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Newcastle
Study Level	Undergraduate
Course Code	ECON2003
Course Name	Predictive Modellling in Business
Notes Title	Final Examination Guide and Notes
Page Length	76

ECON2003: Predictive Modellling in Business at the University of Newcastle - Final Examination Guide and Notes 2025 is invaluable for teaching yourself the course from the first day of class until your last review before the exam. This comprehensive and easy-to-understand set of notes covers all lecture content and examinable topics for the course. It also offers vital information on exam format, what will be on the exam, and key concepts you should focus your studies on. As soon as sample exams are made available, you will be exposed to the types of questions you are expected to tackle. You can use these notes as a reference to better understand the course's content and improve your grades in the exam.

This course, Predictive Modelling in Business (ECON2003) - builds upon the first year course (ECON1003) through: (i) the development and application of quantitative methods and techniques; and (ii) the introduction of key concepts, models and issues in the classical linear regression model, as well as the introduction of recent developments of time-series econometrics and their applications to economics and finance. Accordingly, the course first provides a brief review of linear models; matrix algebra; rules of differentiation; constrained optimisation; integration and differential equations; and other related topics. This is followed by the introduction of the classical linear regression model; hypothesis testing; forecasting; issues in the violations of classical linear regression model. Other topics include: dynamic econometric models; simultaneous equation models; time-series econometrics; variance modelling; vector autoregressive models; and panel data models.

Main topics to be covered:

Linear models and matrix algebra
Rules of differentiation and their applications
Constrained optimisation
Integral calculus and differential equations
The classical linear regression model (simple and multiple) and hypothesis testing
Violations of the assumptions of the classical linear regression model
Dynamic econometric models
Simultaneous equaton models
Time-series econometrics

COURSE CODE	COURSE NAME
ACFI1001	Accounting for Decision Makers
ACFI1002	Accounting Practice
ACFI1003	Introduction to Finance
ACFI2003	Management Accounting
ACFI2012	Accounting for Corporate Entities
ACFI2070	Business Finance
ACFI2080	Corporate Finance
ACFI3004	Taxation
ACFI3018	Portfolio Management
ACFI3130	Derivative Securities
ECON1001	Microeconomics for Business Decisions
ECON1002	Macroeconomics in the Global Economy
ECON1003	Basic Econometrics and Quantitative Modelling
ECON2001	Intermediate Microeconomics
ECON2004	Money and Banking
LEGL1001	Foundations of Law
MKTG1001	Foundations of Marketing
MNGT1001	Introduction to Management
STAT1060	Business Decision Making
STAT1070	Statistics for the Sciences

University of Newcastle - ECON2003: Predictive Modelling in Business

INFORMATION

COURSE DESCRIPTION

RELATED COURSES