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Unit of Study

Quantitative Methods for Business
UoS Code QBUS5001
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites None
Prohibitions QBUS5002, ECMT5001
Assumed Knowledge Basic calculus; basic concepts of probability & statistics
Additional Information
Lectures 1x 3hr lecture and 1x 1hr tutorial per week
Assessment individual assignment (30%), midterm exam (30%), final exam (40%)
Description This unit highlights the importance of statistical methods and tools for today\\\'s managers and analysts, and demonstrates how to apply these methods to business problems using real-world data. The quantitative skills that students learn in this unit are useful in all areas of business. Through taking this unit students learn how to model and analyse the relationships within business data; how to identify the appropriate statistical technique in different business environments; how to compute statistics by hand and using special purpose software; how to interpret results in the context of the business problem; and how to forecast using business data. The unit is taught through data-driven examples, exercises and business case studies.