Undergraduate - UnitETW1000 - Business and economic statistics

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

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Malaysia First semester 2014 (Day) Malaysia Second semester 2014 (Day)
Coordinator(s)	Dr Jason Ng Wei Jian

Synopsis

An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression, 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, testing a hypothesis, including analysis of variance.

Outcomes

The learning goals associated with this unit are to:

interpret business and economic data using descriptive statistics techniques
construct and interpret index numbers
describe the concept of a sampling distribution, estimators and their properties
use P values to make inference on single population means for business and economic decision-making
interpret and evaluate relationships between variables for business and economic decision-making using simple linear regression
apply the main ideas of probability theory, discrete and continuous probability distributions to business and economic decision-making.