units

ETC1000

Faculty of Business and Economics

18 September 2017 25 April 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 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.

print version

6 points, SCA Band 2, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedClayton First semester 2014 (Day)
Malaysia First semester 2014 (Day)
Clayton Second semester 2014 (Day)
Malaysia Second semester 2014 (Day)
Coordinator(s)Professor Brett Inder

Synopsis

Presentation and analysis of grouped and ungrouped data using tables, charts and measures of location and dispersion; standardisation techniques, including index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression; extensions to multiple regression, including nonlinear and categorical explanatory variables and time series data with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals; fundamentals of hypothesis testing, testing hypotheses about the mean, difference between means and the slope, including analysis of variance.

Outcomes

The learning goals associated with this unit are to:

  1. interpret business and economic data using tables, charts and descriptive statistics techniques, applying standardisation techniques where appropriate
  2. describe the concept of a sampling distribution, estimators and their properties
  3. make inference on single and multiple population means, difference between means and the slope for business and economic decision-making
  4. interpret and evaluate relationships between variables for business and economic decision-making using simple and multiple linear regression
  5. apply the main ideas of probability theory to business and economic decision-making.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Professor Brett Inder

Workload requirements

Minimum total expected workload equals 144 hours per semester

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 0023, 0169, 0170, 0179, 0542, 0546, 0548, 1185, 1319, 1320, 1469, 2015, 2016, 2017, 2026, 2630, 3050, 3176, 3178, 3804, 3805, 3823, 3830, 3834, 4097, 4403, 4410, 4417, 4419, 4425, 4428, 4615 or 4097.

Prohibitions

ETB1100, ETP1100, ETG1102, ETW1000, ETW1102, ETX1100, ETX5900, ETX9000, FIT1006, STA1010, SCI1020