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Business Modelling and Analysis

Duration: 1 Teaching Period

Unit Code: FIN60003

Contact Hours: Recommended 10 hours of study per week

About this unit

The application of statistical analysis tools to business problems is an essential skill for competitive advantage. This unit of study focuses on the application of statistical tools and concepts to real-world decision making in order to motivate students to learn, understand, utilise and communicate business statistics appropriately. To enhance students’ appreciation of the power of statistics, emphasis is placed on calculator and computer based analysis, rather than manual computations. Extensive use will be made of financial/statistical calculators and inbuilt functions in MS EXCEL.

Content

  • Financial Analysis
  • Introduction to statistics
  • Descriptive statistics
  • Probability and probability distributions
  • Sampling and estimation
  • Regression and correlation
  • Time series analysis and forecasting
  • Index numbers

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