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IB94X-15 Business Statistics

Department
Warwick Business School
Level
Taught Postgraduate Level
Module leader
Neil Stewart
Credit value
15
Module duration
10 weeks
Assessment
100% coursework
Study location
University of Warwick main campus, Coventry

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 web page

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.

  1. Introduction to R
  2. Visualising Data in R
  3. Likelihood
  4. The General Linear Model: t-tests
  5. Confidence Intervals
  6. The General Linear Model: ANOVA and Regression
  7. The General Linear Model: Repeated Measures
  8. The Generalised Linear Model: Logistic Regression
  9. 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