STAT71-102: Analysis and Application

Description

An introduction to essential quantitative theory and tools necessary for business intelligence and data analysis needs of modern organisations. Includes basic statistics, probability distributions, correlation, regression and time series forecasting. Emphasises the selection of an appropriate analytical approach to a given problem and the use of spreadsheets for data management and analysis to develop practical computational skills and problem-solving capabilities.

Subject details

Learning outcomes

1. Demonstrate a basic knowledge of statistical tools to support management decision making.
2. Analyse information using a range of statistical techniques which includes drawing inference about the population based on a sample, correlation, regression and how to do simple forecasting.
3. Demonstrate the ability to use spreadsheet tools to perform basic statistical analyses.
4. Interpret and communicate the result of a statistical analysis in a professional report.

Prerequisites

No prior knowledge required

Subject outlines

• September 2018 [Standard]
• January 2018 [Standard]
• September 2017 [Standard]

Subject dates