Internet Explorer 7, 8, and 9 are no longer supported. Please use a newer browser.
Concourse works best with JavaScript enabled.
Liberty University logo

Online · School of Business · Business

Business and Economic Forecasting

  • CG
  • Section 8WK
  • 11/08/2019 to 04/16/2020
  • Modified 07/28/2020

Course Description

This course covers methods of collecting data, discovering data patterns, and selecting appropriate forecasting techniques. Time series and regression forecasting techniques are introduced.



MATH 201 or BUSI 230


Understanding and being able to forecast relevant business and economic variables are vital for decision makers in companies or governments. This course provides the most useful quantitative techniques in business and economic forecasting. Excel-Based ForecastX computer software is used.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate biblical principles within the field of economic and business forecasting. (PLO 1 introduced)
  2. Collect relevant data, discover data patterns, and select the best forecasting technique. (PLO 2 emphasized)
  3. Apply time series and regression forecasting techniques. (PLO 2 emphasized)
  4. Apply classification techniques. (PLO 2 emphasized)
  5. Use Excel-based ForecastX in data analysis, forecasting, and decision making. (PLO 3 emphasized)

Course Resources

Required Resources

The resource below is provided in the course at no cost to the student

Keating, B. & Wilson, J. H., (2018). Forecasting and Predictive Analytics with ForecastX (7th ed.). New York: McGraw-Hill. ISBN: 9781259903915.

Forecast X Student Edition (Free download from John-Gale Solutions)

Disclaimer: The above resource provides information consistent with the latest research regarding the subject area. Liberty University does not necessarily endorse specific personal, religious, philosophical, or political positions found in this resource.


Additional Materials for Learning

  1. Computer with basic audio/video output equipment
  2. Internet access (broadband recommended)
  3. Blackboard recommended browsers
  4. Microsoft Office (Word and Excel)
  5. PC, not Mac to run Forecast X

Course Assignments

Textbook readings and presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (8)

After reviewing the assigned textbook readings, and presentations, the student will post at least 2 points that he/she has learned from them and at least 2 questions that he/she may have. The student should respond to at least 2 of his/her classmates’ questions. The initial thread should be 150 words in length and is due by 11:59 p.m. (ET) on Thursday of the assigned module/week. Both replies should each be 50 words in length and are due by 11:59 p.m. (ET) on Monday of the assigned module/week.

Weekly Quizzes (8)

There will be 10 questions for each quiz. Each quiz must be completed by 11:59 p.m. (ET) on Monday of the assigned module/week.

Weekly Exercises (8)

For each assigned module/week, the student will complete specific questions found in the Exercises section at the end of the assigned chapter of the Keating and Wilson text. The student will submit his/her answers in Excel via the Weekly Exercises assignment link by 11:59 p.m. (ET) on Mondayday of Modules/Weeks 1–8.

Exams (4)

The student will complete 4 exams based on the textbook readings. Each exam will consist of 30-multiple-choice questions and have a one-hour time limit. Each exam must be completed by 11:59 p.m. (ET) on Mondayday of the assigned module/week.

Course Grading

Course Requirement Checklist

Discussion Board Forums (8 at 15 pts ea)



Weekly Quizzes (8 at 10 pts)

Weekly Exercises (8 at 50 pts)



Exams (4 at 100 each)





Late Assignment Policy

Course Assignments, including discussion boards, exams, and other graded assignments, should be submitted on time.

If the student is unable to complete an assignment on time, then he or she must contact the instructor immediately by email.

Assignments that are submitted after the due date without prior approval from the instructor will receive the following deductions:

  1. Late assignments submitted within one week after the due date will receive up to a 10% deduction.
  2. Assignments submitted more than one week and less than 2 weeks late will receive up to a 20% deduction.
  3. Assignments submitted two weeks late or after the final date of the course will not be accepted outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.
  4. Group projects, including group discussion board threads and/or replies, and assignments will not be accepted after the due date outside of special circumstances (e.g. death in the family, significant personal health issues), which will be reviewed on a case-by-case basis by the instructor.

Disability Assistance

Students with a disability and those with medical conditions associated with pregnancy may contact Liberty University’s Online Office of Disability Accommodation Support (ODAS) at [email protected] for accommodations.  Such accommodations require appropriate documentation of your condition.   For more information about ODAS and the accommodations process, including how to request an accommodation, please visit Requests for accommodations not related to disabilities or pregnancy must be directed to the Registrar’s Office, which generally handles medical needs support.

If you have a complaint related to disability discrimination or an accommodation that was not provided, you may contact ODAS or the Office of Equity and Compliance by phone at (434) 592-4999 or by email at [email protected].  Click to see a full copy of Liberty’s Discrimination, Harassment, and Sexual Misconduct Policy or the Student Disability Grievance Policy and Procedures.

Course Attendance

In an effort to comply with U.S. Department of Education policies, attendance is measured by physical class attendance or any submission of a required assignment within the enrollment dates of the course (such as examinations, written papers or projects, any discussion board posts, etc.) or initiating any communication with one’s professor regarding an academic subject. More information regarding the attendance policy can be found in the Academic Course Catalogs. Regular attendance in online courses is expected throughout the length of the term. Students who do not attend within the first week of a sub-term by submitting a required academic assignment (such as the Course Requirements Checklist, an examination, written paper or project, discussion board post, or other academic activity) will be dropped from the course. Students who wish to re-engage in the course are encouraged to contact Academic Advising to discuss their enrollment options. Students who begin an online course, but at some point in the semester cease attending, and do not provide official notification to withdraw, will be assigned a grade of “FN” (Failure for Non-Attendance). Students wishing to withdraw from courses after the official start date should familiarize themselves with the withdrawal policy.

Grading Scale

900-1010 800-899 700-799 600-699 0-599

For courses with a Pass/NP final grade, please refer to the Course Grading section of this syllabus for the assignment requirements and/or point value required to earn a Passing final grade.

Add/Drop Policy

The full policy statement and procedures are published in the Policy Directory.

Honor Code

Liberty University comprises a network of students, Alumni, faculty, staff and supporters that together form a Christian community based upon the truth of the Bible. This truth defines our foundational principles, from our Doctrinal Statement to the Code of Honor. These principles irrevocably align Liberty University’s operational procedures with the long tradition of university culture, which remains distinctively Christian, designed to preserve and advance truth. Our desire is to create a safe, comfortable environment within our community of learning, and we extend our academic and spiritual resources to all of our students with the goal of fostering academic maturity, spiritual growth and character development.

Communities are predicated on shared values and goals. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth.

While we acknowledge that some may disagree with various elements of the Code of Honor, we maintain the expectation that our students will commit to respect and uphold the Code while enrolled at Liberty University.

Adherence to the principles and concepts established within facilitates the success of our students and strengthens the Liberty community.

The Code of Honor can be viewed in its entirety at


BUSI 405

Textbook: Wilson & Keating, Business Forecasting with ForecastX (2009).



Reading & Study




Wilson & Keating: ch. 1

1 presentation

Course Requirements Checklist

Weekly Quiz 1

DB Forum 1

Weekly Exercise 1






Wilson & Keating: ch. 2

1 presentation

DB Forum 2

Weekly Quiz 2

Weekly Exercise 2

Exam 1






Wilson & Keating: ch. 3

1 presentation

DB Forum 3

Weekly Quiz 3

Weekly Exercise 3

Exam 2






Wilson & Keating: ch. 4

1 presentation

DB Forum 4

Weekly Quiz 4

Weekly Exercise 4





Wilson & Keating: ch. 5

1 presentation

DB Forum 5

Weekly Quiz 5

Weekly Exercise 5

Exam 3






Wilson & Keating: ch. 6

1 presentation

DB Forum 6

Weekly Quiz 6

Weekly Exercise 6





Wilson & Keating: ch. 8

1 presentation

DB Forum 7

Weekly Quiz 7

Weekly Exercise 7





Wilson & Keating: chs. 9 and 12

DB Forum 8

Weekly Quiz 8

Weekly Exercise 8

Exam 4







DB = Discussion Board

NOTE: Each course week (except Module/Week 1) begins on Tuesday morning at 12:00 a.m. (ET) and ends on Monday night at 11:59 p.m. (ET). The final week ends at 11:59 p.m. (ET) on Friday.