Students will learn to use basic statistical techniques and their applications to problems in accounting, economics, finance, management, marketing and business in general. Students should also be able to effectively communicate (written and verbal) the results of their analyses. This unit covers descriptive statistics (graphical and numerical measures) for revealing the information contained in data; probability as a tool for dealing with uncertainty and risk; probability distributions to model business behaviour; estimation and hypothesis testing techniques for business decision making; simple tools for forecasting time series. Excel is used extensively. -- Course Website
Instructor: Professor Robert Brooks
