Undergraduate - UnitETF2121 - Data analysis in business

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.

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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.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Caulfield First semester 2014 (Day) Caulfield Second semester 2014 (Day)
Coordinator(s)	Associate Professor Elizabeth Maharaj (First semester); Mr Bruce Stephens (Second semester)

Synopsis

Further develops statistical concepts from ETX1100 and their application to business sectors such as finance and accounting. Sources of data and sampling techniques. Confidence intervals and hypothesis testing both for single populations and between populations to identify significant findings with applications to accounting and finance, risk modelling. Commonly used modelling methods in industry -- simple and multiple regression, analysis of time series in financial markets. Excel software will be used. Emphasis throughout is on interpretation of results that provides insight and value to management.

Outcomes

The learning goals associated with this unit are to:

demonstrate an understanding of different sampling techniques and their role in business
demonstrate an understanding of the role of statistical inference and its role when applied in business
interpret and analyse the results of a regression analysis and their value when applied in business.

Assessment

Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Associate Professor Elizabeth Maharaj (First semester)
Mr Bruce Stephens (Second semester)

Workload requirements

3 hours per week

Prerequisites

ETX1100 or a credit grade in ETW1102

Prohibitions

ETB2111, ETX2111, ETC1010, ETW2111, ETX2121