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) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| 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
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