Business statistics and forecasting
Mrs Mei-Leng Rankin
6 points * 3 hours per week * First, second semester * Caulfield, Peninsula * Prerequisite: ECM1640
Objectives On completion of this subject students should be able to collect and understand data relevant to banking, finance and international trade; determine and apply relevant statistical techniques to enable analysis, forecasting and valid statistical conclusions to be drawn; understand the limitations: limitation of data and technique used in forecasting and making conclusions.
Synopsis Development of statistical tools and methodology to enable students to make statistical inferences about population parameters; data collection and control; simple and multiple regression analyses, time-series analysis, forecasting methodology and control.
Assessment Class test: 15% * Tutor's assessment: 5% * Assignment: 20% * Final examination (2 hours): 60%. Students must pass the final examination in order to achieve an overall pass in this subject. The final examination will cover the entire course and will be a closed book examination.
Prescribed texts
Keller G and others Statistics for management and economics 3rd edn, Wadsworth, 1994