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.
1x 3hr lecture and 1x 1hr tutorial per week
weekly homework (10%), assignment (20%), mid-semester exam (30%), final exam (40%)
Basic calculus; basic concepts of probability & statistics
ECMT5001 or QBUS5002