Undergraduate - UnitETW1102 - Business 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.

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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	Malaysia First semester 2014 (Day) South Africa First semester 2014 (Day) Malaysia Second semester 2014 (Day) South Africa Second semester 2014 (Day) South Africa Summer semester A 2014 (On-campus block of classes) South Africa Summer semester B 2014 (Day)
Coordinator(s)	Mr Thangarajah Thiagu (Malaysia); Mr Daniel Maposa (South Africa)

Synopsis

Introduction to spreadsheeting. Descriptive statistics. Elementary probability. Discrete and continuous probability distributions. Statistical inference. Simple linear regression and correlation. Forecasting and time series. Index numbers.

Outcomes

The learning goals associated with this unit are to:

interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
apply simple concepts of probability and probability distributions to problems in business decision-making
describe the role of statistical inference and applying inference methods to single population means
evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.