Lesson No. 1: Critical Analysis
Lesson No. 2: Decision Framing: Finding the Most Effective Question for Your Client
Lesson No. 3: Research Methods
Lesson No. 4: Making Decisions Involving Uncertainty
Lesson No. 5: Choosing the Right Decision Making Technique
Lesson No. 6: Introduction to Statistical and Judgment Forecasting in Real Estate
Lesson No. 7: Understanding Data Patterns and Forecasting Techniques
Lesson No. 8: Forecasting Model Application and Results Evaluation
Lesson No. 9: Demographic Forecasting and Psychographic Tools
Lesson No. 10: Risk Analysis and Learning from Auditing Experience
Your grade will be based upon the work you have done during the course and on a final examination. Your final grade will be determined as follows:
Multiple Choice Assignments – 10% (in total)
Project 1: Real Estate Decision Analysis – 15%
Project 2: Demographic Forecasting and Psychographic Analysis – 10%
Project 3: Evaluating Alternatives – 25%
Final Examination – 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 time. Must be purchased separately, see the Real Estate Division Bookstore.
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 SPSS. This 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.
- Course Description for BUSI 460
- Learning Objectives for BUSI 460 - detailed competencies to be achieved from this course.