Business Forecasting (MØLBA3004)
This course provides knowledge by explaining and exemplifying how forecasts generated from various methods can be compared and ranked based on a range of accuracy measures. It also explains how advanced time series models are commonly used in business forecasting and how to decompose them into trends, cycles, seasons, and random noise.
- Campus
- Lillehammer
- Duration
- Spring semester (January-May/June)
- Structure
- Full time
- Credits
- 7,5 ECTS
- Teaching language
- EN
- Startup
- January
- Application deadline
- Oct. 15, 2026
About the course
This is a 2nd-semester course in the 4-semester Master's Degree in Business Administration - Business Analytics. It is not open to students at the Bachelor's level.
This course has session-based teaching. 50% attendance requirement for lectures. Three out of four homework assignments must be passed to be allowed to take the exam. Graded A-F, where E is the minimum for passing the exam.
For a further description of the course, check out the study plan, which can be found in the drop-down list named "Curricula and courses".
Course combinations
You can find a list of related courses in the drop-down list named "Possible course combinations".
Number of spots
This course has unlimited spots for exchange students.
Prerequisites
Required:
- Students must be enrolled in a Master's degree in Business Management, Economics, or a similar field.
- Students must have completed a course at the master's level in Applied Programming or similar.
Recommended:
- Students should have completed a course at the master's level in Data Engineering or similar.
Schedule
The course schedule will be published after 01 December for the following spring semester.
Syllabus
Students need to purchase the course syllabus. However, online articles will be free through the INN student account. Detailed information will be provided to accepted students.
Curricula and courses
For detailed information on the course, view the study plan.
Possible course combinations
During the spring semester, English master courses are available in the second semester of two degrees. Students may mix courses from different disciplines and degrees as long as they meet the listed prerequisites.
Guaranteed combinations in spring 2027
The following combinations are guaranteed to fit. However, combining courses from various disciplines may cause some course collisions.
- Business Forecasting (7,5 ECTS)
- Humour, Communication, and Leadership (7,5 ECTS)
- Machine Learning (7,5 ECTS)
- Norwegian Language Course for beginners (7,5 ECTS)
- Project Management in Innovation Processes (7,5 ECTS)
- Sustainable Business Model Innovation (7,5 ECTS)
- Quantitative Methods (7,5 ECTS)
Other course combinations
If you are interested in a combination of courses not included in the list above, this is not guaranteed. We can only inform whether it is possible when the course schedule has been published.
It is possible to apply for uncertain combinations, but in such cases, the LA/OLA cannot be signed by the International Office until the schedule is confirmed.
Application deadline and admission
Exchange students
This single course is only available to exchange students from our partner institutions. To find out whether you are eligible for an exchange study at the University of Inland Norway, contact your home institution. All exchange students must be nominated by their home institution before they can apply.
Information on the application process and the latest semester information will be sent by email to all nominated students. You will apply for relevant courses as part of your exchange application. Please review the application guidelines for preparing the required documents and applying for the exchange.
International students interested in a full degree
This course is a part of the English Master's Degree in Business Administration - Business Analytics. If you are interested in applying for the full degree, please view our webpage for full-degree students. Be aware of the different deadlines for full-degree applications.
Students enrolled in other studies at INN
If you are enrolled in a Master's degree at INN and would like to take this course as an elective, please contact your Faculty. The International Office does not know which electives you can choose from.
How much does it cost?
Free for exchange students
Contact us
- kine.skjaervik@inn.no
- Phone
- +47 61 28 85 00