Business Statistics

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Course informations

Study program level Undergraduate
Study program Management
Study program direction Informatics management
Course year 2.
Course semester IV
Course status Core
ECTS 6
Lectures (h) 30
Excercises (h) 45
Seminars (h) -

Course objectives

Students will apply the basic methods and procedures of statistical analysis required for independent operational statistical analysis of real business cases.

Course outcomes

  • Determine the characteristics of statistics as a scientific discipline.
  • Apply data editing methods.
  • Apply methods of graphical display of data.
  • Interpret the characteristics of observed phenomena based on their graphical analysis.
  • Compute and interpret numeric indicators of descriptive statistics
  • Calculate, analyze and interpret using MS Excel functions numeric indicators of descriptive statistics.
  • Apply the definition of probability a priori and a posteriori when solving tasks
  • distinguishes discrete and continual random variables
  • solves tasks by applying formula for expected value, variation, standard deviation, coefficient of variation
  • Distinguishes probability distributions (Binomial, Poisson, Normal)
  • Solves tasks by applying probability distribution formulas (Binomial, Poisson, Normal) calculate, analyze and interpret by using MS Excel functions numeric indicators of descriptive statistics.
  • Justify the selection of regression and correlation analysis in real-time analysis.
  • Justifying the selection and using a regression model for predicting the value of a variable based on the value of another variable (to determine the causal link between the observed phenomena).
  • Determine the degree of correlation between the observed phenomena.
  • Interpret the obtained numerical indicators in terms of the nature of the correlation between observed variables
  • Calculate, analyze and interpret using MS Excel functions for numeric indicators of descriptive statistics.
  • Apply dynamic indicators in time series analysis.
  • Apply a graphical method of analyzing the dynamics of a occurrence in a time period.
  • Use a trend model to evaluate the movement of the observed phenomenon over the past period and assess the representativeness of the model
  • Predict the value of the observed variable for the future period based on the trend model
  • Interpret the calculated time scale analysis indicators
  • Calculate, analyze and interpret using MS Excel functions numeric indicators of descriptive statistics.
  • Determine the features of inferential statistics.
  • Justify the choice of method for estimating the arithmetic mean, total and proportions of the basic set.
  • Assess the parameters of the base set based on the sample.
  • Interpret the calculated parameters of the base set.
 

Course content

Concept and goal of statistics. Statistical features: concept, types and characteristics. Observation and data collection. Defining data. Graphical and table representation of data. Mean values: arithmetic mean, geometric mean, harmonic medium, mod, median, and quartile. Dispersion: Variation range, variance, standard deviation. Measures of asymmetry and roundness. Probability, theoretical distribution. Sample method. Correlation: linear correlation, rank correlation. Regression: Single linear regression, coefficient rating, deviation. Analysis of time series. Graphic representation. Individual and aggregate indices. Average values. Linear trend.
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