STAT5003 - Business Statistics: Data-Informed Decision-Making

Credits: 3

Leaders rely on data to make decisions; thus, understanding business analytics is critical. In this course, students apply business decision-making techniques. Decision-making is focused on areas such as: descriptive statistics, probability, distributions, sampling inference, regression and correlation, multivariate analysis, times series and index numbers. This course will emphasize on the derivation of these numbers using computer-based tools, the concentration is on interpretation and use of the results to determine integration in the business environment. The course also covers data management, visualization techniques, and how to effectively communicate results to stakeholders, with a focus on social impact and decision-making.