IB94X-15 Business Statistics
Introductory description
The module is designed to provide a foundation in the analysis and presentation of quantitative data and covers the basic elements of statistics that are essential for business analysis.
Module aims
The module is designed to provide a foundation in the analysis and presentation of quantitative data and covers the basic elements of statistics that are essential for business analysis. It is also designed to introduce students to the R statistical programming language. Much of the material is required knowledge for other core and optional modules in the MSc Business Analytics course.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
- Introduction to R
- Visualising Data in R
- Likelihood
- The General Linear Model: t-tests
- Confidence Intervals
- The General Linear Model: ANOVA and Regression
- The General Linear Model: Repeated Measures
- The Generalised Linear Model: Logistic Regression
- The Generalised Linear Model: Poisson Regression
Learning outcomes
By the end of the module, students should be able to:
- Demonstrate understanding of null hypothesis significance testing and contrast this with the estimation approach.
- Conduct reproducible statistical analysis using the general and generalised linear model.
- Construct 4* publication quality visualisations of data.
- Plan an analysis and think critically about data.
Indicative reading list
Wickham, H., & Grolemund, G. (2016). R for data science: Import, tidy, transform, visualize, and model data. Sebastopol, Canada: O'Reilly. Retrieved from http://r4ds.had.co.nz/
Field, A., Miles, J., & Field, Z. (2012). Discovering statistics using R. London: Sage.
Dalgaard, P. (2008). Introductory statistics with R (2nd ed.). New York: Springer.
Cumming, G. (2012). Understanding the new statistics: Effect sizes, confidence intervals, and meta-analysis. New York: Routledge.
Subject specific skills
Be able to conduct reproducible statistical analysis using the general and generalised linear model.
Be able to construct 4* publication quality visualisations of data.
Transferable skills
Written communication.
Problem solving.
Study time
Type | Required |
---|---|
Supervised practical classes | 9 sessions of 2 hours (12%) |
Online learning (scheduled sessions) | 9 sessions of 2 hours (12%) |
Private study | 114 hours (76%) |
Total | 150 hours |
Private study description
Self study to include pre-reading for lectures, preparation for lab sessions and preparation for assessment
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A1
Weighting | Study time | Eligible for self-certification | |
---|---|---|---|
Assessment component |
|||
Statistics Assignment | 100% | No | |
Reassessment component is the same |
Feedback on assessment
A mixture of hand-picked general comments plus a bespoke comment per question.
Post-requisite modules
If you pass this module, you can take:
- IB9EO-15 Pricing Analytics
Courses
This module is Core for:
- Year 1 of TIBS-N1N3 Postgraduate Taught Business Analytics