- Academic Registry
Programme & Unit Catalogues

MN50751: Business statistics & forecasting

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 10      [equivalent to 20 CATS credits]
Further information on notional study hours Notional Study Hours: 200
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
This unit will introduce you to concepts of data analysis using statistics and forecasting techniques to achieve the best possible estimates for unknown parameters such as customer demand.

Learning Outcomes:

* Make managerial conclusions about a set of given data using statistical methods [CILO:K1]
* Understand the uncertainties associated with forecasting [CILO:K3]
* Analyse and interpret the patterns in a set of given data [CILO:K5, P4]
* Estimate the future observations of data using the trends identified [CILO:I1]
* Use software for statistical analysis and forecasting [CILO:P2]
* Prepare business reports to present the results of a forecasting model to a non-technical audience [CILO:I5, I6]

See LO section.

Topics covered include simple and advanced forecasting methods and measurement of their performance.
Further information on programme availabilityProgramme availability:

MN50751 is Compulsory on the following programmes:

School of Management


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.