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Emil Fedotov
Emil Fedotov

Statistical Techniques In Business And Economics



Learning outcomesUpon completion of this module students will be able to:- Identify and outline the statistical theory of continuous random variables, bivariate probability distributions and bivariate inferential procedures- Recognise contexts in accounting, finance, economics, econometrics and management in which intermediate-level concepts in mathematical statistics can be usefully employed- Interpret and appraise the literature in accounting, finance, economics, econometrics and management that utilises intermediate-level techniques in mathematical statistics




Statistical Techniques in Business and Economics



Skills outcomesUpon completion of this module students will be able to:Transferable- Apply analytical ability to problem solving in different contexts- Apply time management skills in work planningSubject Specific- Analyse quantitative issues in the social sciences involving intermediate-level concepts in mathematical statistics - Apply knowledge of intermediate-level techniques in mathematical statistics to solve problems in accounting, finance, economics, econometrics and management


An introduction to descriptive and inferential statistics. Topics include gathering, organizing, interpreting, and presenting data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures include z-tests, t-tests, ANOVAs, correlation, and simple regression.Cross listed with ECON 2100.Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.(Normally offered each semester.)


This course will review modern quantitative methods used in decision making. The intent is to expose the student to various modeling techniques and to apply these techniques using Excel. Topics include productivity and capacity analysis, forecasting, regression analysis, linear programming, PERT/CPM, and statistical process control.


This course integrates all prior accounting, business, and economics courses as final preparation for the student's entry into the business world or graduate studies. Case studies and computer simulations are utilized to enable students to gain an understanding of business operations and the application of business principles.Prerequisite(s): Senior standing Business Administration, Accounting, or Economics majors, grades of "C-" or better in ACCT 1310 Principles of Accounting I, ACCT 1320 Principles of Accounting II, ECON 1530 Macroeconomic Principles, ECON 1540 Microeconomic Principles, and BUSAD 2500 Principles of Management and BUSAD 2000 Principles of Marketing, or permission of the instructor. (Normally offered each semester.)


A survey of specialized mathematical techniques used to solve contemporary problems in business, economics and the social sciences. Topics may include linear regression, mathematical finance, systems of equations, matrix algebra, linear programming, enumeration, probability, and statistics.Prerequisite(s): Math ACT of at least 24 or a grade of "C "or better in MATH 1100 College Algebra.(Normally offered each semester.) 041b061a72


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