Duration
30h Th
Number of credits
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
This course aims to equip students with conceptual and practical tools used to analyze, predict, and simulate the evolution of complex economic or social systems. The integration of forecasting techniques and microsimulation methods allows the course to explore short-term predictive analysis and long-term scenario evaluation, thereby supporting data-based decision-making in business, economics, and public policy.
Learning outcomes of the learning unit
By the end of the course, students will be able to:
- Apply forecasting methods to real-world managerial and economic datasets.
- Critically assess the performance and reliability of different forecasting models.
- Design microsimulation models tailored to specific problems.
- Combine predictive and simulation-based approaches to support strategic decision-making.
Prerequisite knowledge and skills
Basic statistics concepts, basics in excel and in any programming language (loops, variables, etc).
Planned learning activities and teaching methods
The course consists in face to face sessions including theory and applications. The students will need a computer for excel and RStudio.
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Course materials and recommended or required readings
Platform(s) used for course materials:
- LOL@
Further information:
Slides will be available on Lola and scientific articles will be recommended during the course.
Exam(s) in session
Any session
- In-person
oral exam
Written work / report
Further information:
During the semester, a project will have to be done by group. The aim of the project is to propose a scientific poster explaining a predetermined topic. The poster will be presented to the class during the last session. The poster + presentation will count for 50% of the final grade. Note that the participation to the project will be evaluated and the grade could be different for different member of the same group.
During the session, an oral exam containing theoretical and pratical questions will be organised individually. This exam will count for the 50% remaining of the final grade.
Work placement(s)
Organisational remarks and main changes to the course
Contacts
Main teacher : Morgane Dumont : morgane.dumont@uliege.be (office 3/7 in N1a)
Assistants : Emil Geleleens : Emil.Geleleens@uliege.be
Alexandre Kerff (check e-mail in the ULiege website)