ETX2171

Business statistics and forecasting

Mrs Mei-Leng Rankin

6 points
* 3 hours per week
* First and second semester (Caulfield and Peninsula)
* First semester (Distance)
* Prerequisite: ETX1640

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 limitation 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 (on campus) 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.
Assessment (distance) Three assignments: 40%
* Examination (closed-book, 2 hours): 60%
* Students must pass the final examination which will cover the entire course.

Prescribed texts

Keller G and others Statistics for management and economics 4th edn, Wadsworth, 1994