The University of Newcastle, Australia
Available in 2020

Course handbook

Description

While data exploration is important, analytics and evidence-based decision-making is critical. This course builds upon STAT6001, extending the visual explorations through formal analytical testing and modelling, and developing analytical techniques used in business. The emphasis is on applications in practice. The course provides methods which underpin effective business decision making. The course develops a student's ability to incorporate statistical thinking and to take account of variation in the real world during the processes of establishing project initiatives, defining objectives, data collection, data presentation, data analysis, reporting and decision making.


Availability2020 Course Timetables

Online

  • Semester 1 - 2020

Learning outcomes

On successful completion of the course students will be able to:

1. describe and implement a structured approach to problem solving and decision making in business

2. understand the role of statistics in developing valid and reliable business intelligence

3. explain why data and the understanding of variation are important in making business decisions

4. identify and implement appropriate analytical techniques fundamental to developing Business Intelligence

5. employ statistical software to analyse data

6. draw conclusions and effectively communicate and report upon analytical outcomes


Content

The course will include the following topics:

  • Data sources
  • Brainstorming
  • Inference
  • Types of errors
  • Statistical tests
  • ANOVA
  • Regression
  • Reporting
  • Data-based decision making

Assessment items

Quiz: Online quiz

Written Assignment: Written Assignment

Formal Examination: Formal Examination


Contact hours

Online

Integrated Learning Session

Online 3 hour(s) per Week for Full Term starting in week 1