Course Outline

BUSI 460 - Critical Analysis and Forecasting in Real Estate

LESSON 1: Critical Analysis
LESSON 2: Decision Framing: Finding the Most Effective Question for Your Client
LESSON 3: Research Methods
LESSON 4: Making Decisions Involving Uncertainty
LESSON 5: Choosing the Right Decision Making Technique
LESSON 6: Introduction to Statistical and Judgment Forecasting in Real Estate
LESSON 7: Understanding Data Patterns and Forecasting Techniques
LESSON 8: Forecasting Model Application and Results Evaluation
LESSON 9: Demographic Forecasting and Psychographic Tools
LESSON 10: Risk Analysis and Learning from Auditing Experience
LESSON 11: Major Project

See Course Description for 460.

Course Structure

Your final grade will be determined as follows:

  • Assignment No. 1 - 1%
  • Assignment No. 2 - 1%
  • Assignment No. 3 - 1%
  • Assignment No. 4 - 1%
  • Assignment No. 5 - 12%
  • Assignment No. 6 - 1%
  • Assignment No. 7 - 1%
  • Assignment No. 8 - 0%
  • Assignment No. 9 - 16%
  • Assignment No. 10 - 1%
  • Assignment No. 11 - Major Project - 25%

Total Assignments & Projects - 60%
Final Exam - 40%

Total - 100%

Please note: as of January 1, 2016, a final examination has been introduced into this course. In order to pass the course, you must obtain a minimum grade of 50% on the final exam and a minimum overall course grade of 60%.

Course Textbook/Assigned Reading


Winning Decisions: Getting it right the first timeMust be purchased separately, see the Real Estate Division Bookstore.

Recommended Reading


Hanke & Wichern, Business Forecasting. Pearson. This book provides additional background and depth on statistical forecasting methods. Students interested in reading this material are encouraged to purchase a copy online – the most recent version is the 9th edition published in 2008.

Statistical Software (recommended, not required)


Lessons 7 and 8 illustrate the use of statistical software in forecasting applications. The BUSI 460 course workbook is written using SPSSThis is provided for illustration purposes only – SPSS use is not mandatory. Students wishing to purchase SPSS should see the statistical software page for information on recommended software versions and purchasing instructions.

Additional Resources

Read Frequently Asked Questions (FAQs) about BUSI 460.