units

ETW1102

Faculty of Business and Economics

18 September 2017 25 November 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Econometrics and Business Statistics

Coordinator(s)

Mr Thangarajah Thiagu (Malaysia); Mr Rakesh Bhurtun (South Africa)

Offered

Malaysia

  • First semester 2016 (Day)
  • Second semester 2016 (Day)
  • Summer semester A 2016 (Day)

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:

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

Assessment

Within semester assessment: 30%
Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Mr Thangarajah Thiagu

Prohibitions

BUS1100, PMM2020, ETB1100, ETC1000, ETG1102, ETP1100, ETW1000, ETX1100, SCI1020, STA1010