Quantitative Methods for Business (QBUS5001)

UNIT OF STUDY

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.

Our courses that offer this unit of study

Further unit of study information

Classes

1x 3hr lecture and 1x 1hr tutorial per week

Assessment

Assignments (35%), mid-semester exam (25%), and final exam (40%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

Basic calculus; basic concepts of probability & statistics

Prohibitions

ECMT5001, QBUS5002

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.