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FIN2171

Business statistics and forecasting

Mrs Mei-Leng Rankin

6 points
* 3 hours per week
* First, second semester
* Caulfield, Peninsula
* Prerequisite: ECN1640

Objectives On completion of this subject students should be able to collect and understand data relevant to banking, finance and international trade; determine and apply relevant statistical techniques to enable analysis, forecasting and valid statistical conclusions to be drawn; understand the limitations of data and technique used in forecasting and making conclusions.

Synopsis Development of statistical tools and methodology to enable students to make statistical inferences about population parameters; data collection and control; simple and multiple regression analyses, time-series analysis, forecasting methodology and control.

Assessment Test: 15%
* Tutor's assessment: 5%
* Assignment: 20%
* Examination (2 hours): 60%
* Students must pass the examination in order to pass the subject.
* The final mark that a student receives for the subject will be determined by the subject leader taking into account all aspects of assessment.

Prescribed texts

Keller G and others Statistics for management and economics 3rd edn, Wadsworth, 1994


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