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MN50751: Business statistics & forecasting

[Page last updated: 05 August 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 10 [equivalent to 20 CATS credits]
Notional Study Hours: 200
Level: Masters UG & PG (FHEQ level 7)
Semester 1
Assessment Summary: CW 100%
Assessment Detail:
  • Coursework 1 (CW 70%)
  • Coursework 2 (CW 30%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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]

Skills: See LO section.

Content: Topics covered include simple and advanced forecasting methods and measurement of their performance.

Programme availability:

MN50751 is Compulsory on the following programmes:

School of Management


  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
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