ETC1020

Business and economic statistics

(BUS)

Associate Professor Brett Inder and Dr Rob Hyndman

6 points + Two 1-hour lectures and one 2-hour tutorial class per week + First semester + Repeated second semester + Clayton + Prohibition: MAT1062

Synopsis: Introduction to the main techniques of descriptive statistics as they are used in business and economics; descriptive regression; the analysis of time series data using decomposition methods for trend and seasonality, with applications to forecasting and seasonal adjustment; the construction of index numbers, with particular application to share price indices and the consumer price index; the main ideas of probability theory as a foundation for statistical inference.

Assessment: Written (3 assignments): 30% + Examination (2 hours): 70%