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MA30234: Statistics for business II

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Mathematical Sciences
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 40%, EX 60%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 20%)
  • Coursework 2 (CW 20%)
  • Examination (EX 60%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take MA20228
Further information on descriptions Description: Aims:
This course provides the methods for analysing regression data and time-series data. Both types of data arise frequently in Business applications, and the course will emphasis applications in this area.
Aims - To teach the methods of analysis appropriate to simple and multiple regression models. To introduce techniques for modelling and forecasting time series.

Learning Outcomes:
Students should be able to set up and analyse regression models and assess the resulting model critically. They should be able to model temporal data, and to provide forecasts with associated uncertainty estimates. They should be able to use Excel to perform analyses.

Statistical skills (taught and assessed).

Simple and multiple regression: estimation of model parameters, tests, confidence and prediction intervals, residual and diagnostic plots. Practical forecasting. Time plot. Trend-and-seasonal models. Exponential smoothing. Holt's linear trend model and Holt-Winters seasonal forecasting. Autoregressive models. Box-Jenkins ARIMA forecasting.
Further information on programme availabilityProgramme availability:

MA30234 is Optional on the following programmes:

School of Management
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 3)