This module presents simple and multiple regression models and estimation techniques, the normality assumption in econometric modelling, multicollinearity, heteroscedasticity and autocorrelation, model specification, diagnostic testing and data management.
DurationThis module presents simple and multiple regression models and estimation techniques, the normality assumption in econometric modelling, multicollinearity, heteroscedasticity and autocorrelation, model specification, diagnostic testing and data management, introductory econometric modelling techniques such as ordinary least squares, the use of dummy variable regression models as well as regression models that use qualitative responses.
Furthermore, the module introduces students to the use of Econometrics software packages and emphasises practical laboratory sessions over and above normal lectures and tutorials.
The module covers the matrix algebraic approach to regression analysis, the normality assumption in econometric modelling, the two variable regression model and its estimation, multiple regression analysis, estimation and inference, multicollinearity, heteroscedasticity and autocorrelation, time series econometrics and forecasting as well as the intermediate econometric modelling techniques such as dynamic econometric models like the Autoregressive and Distributed-Lag Models (ARDL), nonlinear regression models, cointegration analysis as well as panel data regression models.
TUT is truly an institution in service of the Southern African community. One of its key focuses is, therefore, the economic and social development of the Southern African region. In its quest to promote knowledge and technology, it provides the market with a career-focused workforce. It also aims at making a significant contribution to creating sustainable economic growth that will impact on the standard of living of all of the region's people.
The education offered at TUT, with its entrepreneurial focus, opens up unlimited opportunities for students to become job creators and entrepreneurs. This is established by creating prosperity through the stimulation of innovation and creative thinking. This is facilitated by various incubators and technology stations.
The structural transformation of various economic sectors due to pervasive transformative technologies has been the major feature shaping economies of the world.
Factors affecting Micro & Macro environments of the business. - SWAT Analysis - How can countries curb negative effects of these factors - How can countries build positive effects of these factors.
Engineering Economics for Project Managers course is offered by Limonite Solutions. As a dynamic and diverse company it is our determination and drive to make sure that the training provided enhances your skills and ability.
The economy matters substantially to the health, wealth, and prosperity of the country, its companies, and its citizens.
The ICB Economics course is one of three subjects prescribed for the ICB Intermediate Level Office Administration programme. Knowledge of Economics will enable students to interpret wider the world of business outside the company while simultaneously developing problem solving.
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