Postgraduate - UnitMBA9007 - Business insights from data analysis

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Management
Offered	Caulfield First semester 2013 (Day) Caulfield First semester 2013 (Evening)
Coordinator(s)	Ms Gerrie Roberts and Mr Bruce Stephens

Synopsis

In business, the ability to identify situations that would benefit from some hard facts derives from two constituent and attainable skills. A thorough understanding of what each technique can do, that is, what results it can produce. Second, the ability to extract a meaningful interpretation of the results that adds value and is accessible to management. The objective of this unit is to facilitate for each student the attainment of these skills by taking a very practical approach. Topics covered include data description and summation, data mining, confidence interval estimation, hypothesis testing, regression analysis, and decision making under uncertainty. Software used will be Microsoft Excel.

Outcomes

The learning goals associated with this unit are to:

enhance analytical skills by developing understanding of a range of statistical tools and techniques
develop understanding of the application of statistical findings in a management context
enhance report writing skills by developing an understanding of the process of preparing a business report based on statistical analysis
further enhance communication, interpersonal, problem solving and critical thinking capabilities.
develop capabilities to be future generators of sustainable economic, social and environmental value for business.

Assessment

Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Ms Gerrie Roberts

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 3183, 3184, 3185, 3189, 3190, 3191, 3195, 3196, 3197, 3198, 3837, 3839, 3849 or 0028