STAT497 APPLIED TIME SERIES ANALYSIS
| Course Code: | 2460497 |
| METU Credit (Theoretical-Laboratory hours/week): | 4 (3.00 - 2.00) |
| ECTS Credit: | 8.0 |
| Department: | Statistics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. CEYLAN YOZGATLIGİL |
| Offered Semester: | Fall Semesters. |
Course Objectives
The course intends to meet two goals. It provides tools for empirical work with time series data and is an introduction into the theoretical foundation of time series models. Much of statistical methodology is concerned with models in which the observations are assumed to be independent. However, many data sets occur in the form of time series where observations are dependent. In this course, we will concentrate on univariate time series analysis, with a balance between theory and applications. In order to emphasize application of theory to real (or simulated) data, we will use R.
Course Content
Time series as a stochastic process. Means, covariances, correlations, stationarity. Moving averages and smoothing. Stationary and nonstationary parametric models. Model specification. Estimation and testing. Seasonality. Some forecasting procedures. Elementary spectral domain analysis. Exponential smoothing methods. Unit root tests.
Course Learning Outcomes
After completing this course, a student will be able to analyze univariate and simple multivariate time series data using available software as well as pursue research in this area.
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Applying the knowledge of statistics, mathematics and computer to statistical problems and developing analytical solutions. | ✔ | |||
| 2 | Defining, modeling and solving real life problems that involve uncertainty, and interpreting results. | ✔ | |||
| 3 | To decide on the data collection technique, and apply it through experiment, observation, questionnaire or simulation. | ✔ | |||
| 4 | Analysing small and big volumes of data and interpreting results. | ✔ | |||
| 5 | Utilizing up-to-date techniques, computer hardware and software required for statistical applications; developing software programs and numerical solutions for specific problems when necessary. | ✔ | |||
| 6 | Taking part in intradisciplinary and interdisciplinary teamwork, using time efficiently, taking leadership responsibilities and being entrepreneurial. | ✔ | |||
| 7 | Taking responsibility in individual work and offering authentic solutions. | ✔ | |||
| 8 | Following contemporary developments and publications in statistical science, conducting research, being open to novelty and thinking critically. | ✔ | |||
| 9 | Efficiently communicating in Turkish and English to define and analyze statistical problems and to interpret the results. | ✔ | |||
| 10 | Having a professional and ethical sense of responsibility. | ✔ | |||
| 11 | Developing computational solutions to statistical problems that cannot be solved analytically. | ✔ | |||
| 12 | Having theoretical background and developing new theories in statistics, building relations between theoretical and practical knowledge. | ✔ | |||
| 13 | Serving the society with the expertise in the field. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution