Message from the Head
Welcome to the Department of Econometrics and Business Statistics (EBS) at Monash Business School – the only dedicated department of this kind in Australia – boasting the largest concentration of econometricians and statisticians in the region.
In an age of ‘big data’ and as a global leader in the field, we understand the critical need for Australia and the world to have specialists with the mathematical and analytical skills required to solve complex problems. Our expertise spans most areas of econometrics and statistics, including actuarial studies and big data analytics.
A significant number of our academic staff have been elected fellows of prestigious scientific academies such as the American Statistical Association, Econometric Society, International Association for Applied Econometrics and the Academy of the Social Sciences in Australia.
Many of our staff have also been selected as editors and associate editors of prestigious international academic journals including the International Journal of Forecasting. This means our Department has the opportunity to significantly inform debate in our field.
I am fortunate to lead such a dynamic team of academics known to be leaders in their field. To take two such examples, Professor Jiti Gao is internationally renowned for his research on nonparametric methods in econometrics and statistics, and Professor Dianne Cook is one of the world's leading figures in the field of data visualization.
Through our international network on high-dimensional dynamic systems, we also have regular visits from top overseas researchers such as Professor Oliver Linton from Cambridge University in the United Kingdom and Professor Galit Shmueli from National Tsinghua University in Taiwan.
Our work has forecasted future Australian electricity demand, identified national sleeping patterns by mapping global internet use, collected data in East Timor to determine how to improve the welfare of coffee-producing households, and revolutionised the accuracy of business forecasting. We also consult regularly to business and industry, with recent projects including Tourism Australia, the Australian Energy Market Operator, World Vision and Huawei. Our work spans disciplines and covers a wide range of issues affecting society. For example, our staff are working on an interdisciplinary climate change project, with experts from Cambridge and Yale universities, to measure how a greater reliance on renewable energy sources impacts overall economic growth.
Visiting scholars program
For academics working in econometrics, statistics or actuarial science in any institution in Australia or around the world, we would be delighted to hear from you. We have the longest running seminar series in econometrics in Australia and some capacity to host visitors to participate in these highly engaging events.