Business Statistics

Unit code: BEO5539 | Study level: Postgraduate
12
(Generally, 1 credit = 10 hours of classes and independent study.)
City Campus
VU Sydney
N/A
Overview
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Overview

This unit develops practical skills in statistical and mathematical techniques commonly used in business decision making. It draws on fundamental business statistics and quantitative analysis theories with contemporary computational skills to critically evaluate complex business problems and to cross-examine them through computer technologies.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Discriminate between statistical analysis technique to solve a given business problem;
  2. Exhibit, interpret and critique business and economic data by graphical and numerical statistical methods;
  3. Apply sampling theory in statistical inference: estimation and hypothesis testing;
  4. Model and test business and economic relationships using linear regression;
  5. Critically assess alternative statistical techniques for identifying methods appropriate for the purpose and condition of an analysis;
  6. Conduct business forecasting using time series data and evaluate forecasting performance; and
  7. Optimise statistical analysis using a statistical tool.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
In-Class Test
Assessment type: Report
|
Grade: 30%
Comparison techniques and statistical modelling for analysing and predicting relationships (Group)
Assessment type: Examination
|
Grade: 50%
Final Examination

Required reading

Australian Business Statistics
Black, K., Asafu-Adjaye, J., Burke, P., Khan, N., King, G., Perera, N., Papdimos, A., Sherwood, C., Wasimi, S., & Verma, R. (2016).| Milton, Qld: John Wiley and Sons Australia, Ltd.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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