BMBA71-301: Data Analytics for Decision Making

Description

This subject develops the student’s facility for evidence-based decision making, by introducing students to the use and application of data. As the business world has increasing access to data, and in the availability of big data sets which allow greater understanding of customers and other business related data, effective use of the data will enable decisions to become more informed. This subject will consider the role of data in an evolving business system, discuss and review common sources of data and processes for developing superior data sets, and will introduce the quantitative methods that are needed for understanding what the data tells us re the decision we need to make. It develops an understanding of modern computational methods to solve quantitative problems in business decision making, using a case-based approach to using data.

Subject details

Type:	Postgraduate Subject
Code:	BMBA71-301
EFTSL:	0.125
Faculty:	Bond Business School
Semesters offered:	May 2024 [Standard Offering]
Credit:	10
Study areas:	Business, Commerce, and Entrepreneurship
Subject fees:	Commencing in 2023: $5,450.00 Commencing in 2024: $5,560.00 Commencing in 2025: $5,680.00 Commencing in 2023: $5,860.00 Commencing in 2024: $6,220.00 Commencing in 2025: $6,500.00

Learning outcomes

Understand the role of data in evidence based decision making
Examine the systems by which data is or can be made available
Possess an understanding of measurement issues and processes for understanding relationships based on statistical theory
Apply modern quantitative tools (Microsoft Excel) to data analysis in a business context
Analyse and interpret data to provide meaningful information to assist in decision making

Enrolment requirements

Requisites:	Nil
Assumed knowledge:	Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
Restrictions:	This subject is not available to Study Abroad Students This subject is not available to students on US Financial Aid. Students on a Student Visa may be restricted from enrolment due to the mode of delivery in the chosen semester. Check the subject outline for further details. Must be admitted into an MBA Affiliated Program.

Requisites:

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Restrictions:

This subject is not available to

Study Abroad Students
This subject is not available to students on US Financial Aid.
Students on a Student Visa may be restricted from enrolment due to the mode of delivery in the chosen semester. Check the subject outline for further details.

Must be admitted into an MBA Affiliated Program.

Subject outlines

Subject dates

May 2024

Standard Offering
Enrolment opens:	17/03/2024
Semester start:	13/05/2024
Subject start:	13/05/2024
Cancellation 1:	27/05/2024
Cancellation 2:	03/06/2024
Last enrolment:	26/05/2024
Withdraw - Financial:	08/06/2024
Withdraw - Academic:	29/06/2024
Teaching census:	07/06/2024

Standard Offering
Enrolment opens:	17/03/2024
Semester start:	13/05/2024
Subject start:	13/05/2024
Cancellation 1:	27/05/2024
Cancellation 2:	03/06/2024
Last enrolment:	26/05/2024
Withdraw - Financial:	08/06/2024
Withdraw - Academic:	29/06/2024
Teaching census:	07/06/2024