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Business Statistics-Course Syllabus

This document outlines the course syllabus for Business Statistics. The course provides an understanding of statistical techniques for decision making and research. Topics include quantitative and qualitative data, descriptive and inferential statistics, regression analysis, probability, distributions and hypothesis testing. The course aims to equip students to conduct quantitative research and analyze data for decision making using software like Excel, SPSS and Eviews. Students will be assessed through exams, class participation, a project and presentation. The weekly schedule details statistical topics and techniques taught over the semester.

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576 views4 pages

Business Statistics-Course Syllabus

This document outlines the course syllabus for Business Statistics. The course provides an understanding of statistical techniques for decision making and research. Topics include quantitative and qualitative data, descriptive and inferential statistics, regression analysis, probability, distributions and hypothesis testing. The course aims to equip students to conduct quantitative research and analyze data for decision making using software like Excel, SPSS and Eviews. Students will be assessed through exams, class participation, a project and presentation. The weekly schedule details statistical topics and techniques taught over the semester.

Uploaded by

Qaiser
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INSTITUTE OF BUSINESS ADMINISTRATION

Course Syllabus
Course Name Business Statistics
Course Code MTS506
Credit Hours 2
Course Prerequisite None
Quarter / Year Fall 2015
Instructor Muhammad Abdus Salam
Class MBA
Session Day & Time Tuesday and Friday [6:30 pm – 8:30 pm]
Email [email protected]
[email protected]

[1]. Course Description:

The course provides the understanding of statistical techniques for decision making and conducting
research in the field of Marketing / Economics / Finance / Management and Social Sciences. This course
will provide an overview of competitive advantage and how it is linked with statistical techniques for
perusing research and decision making. This course will include all possible explanation about qualitative
and quantitative data and hence measurement and scaling would be covered. In addition to this, both
the dimensions of quantitative research (i.e. Descriptive and Inferential) will be covered. It becomes
imperative to use distribution free techniques for the situation where normality condition does not met
or sufficiently large sample size is not manageable, in this context; non-parametric techniques will also
be part of this course. To equip students with the latest developments in quantitative research and
decision making, simulation and bootstrapping concepts along with their practical usage will be
explained through MS Excel. Further to this, regression analyses along with internal and external validity
of models have also been made part of course contents. For quantitative decision making, quantitative
research depends on data type such as cross-sectional, time series and panel; advance level of
techniques for catering such requirements of data analysis and decision making will also be discussed in
this course. In addition to use of MS Excel for analysis, few other statistics softwares such as SPSS, R and
Eviews will also be employed during the classroom lecture and few lab sessions may also be arrange.

[2]. Course Objectives:

 To equip students in conducting and perusing quantitative research for decision making
 To perform statistical analysis, interpret the results for quantitative decision making
 To augment student’s capability to makeup problems and to perform logical analyses.
 To facilitate participants with the use of quantitative methods in business & management decision
problems by familiarizing them with the basic & advanced principles and techniques of mathematics
and statistics.

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INSTITUTE OF BUSINESS ADMINISTRATION

[3]. Learning Outcomes:

LO1: Expose and empower students with latest and advanced nature of research techniques such as
times series and panel for decision making.
LO2: Empower students with Descriptive way of doing data analysis for prompt decision making
LO3: Develop the skills to carryout inferential and causal data analysis for prompt decision making
LO4: Equip students to pursue quantitative decision making with latest software’s
LO5: Perform logical analyses, familiarizing the basic & advanced principles and techniques of
mathematics and statistics and utilize them in decision-making.

[4]. Text Books:


a. STATISTICS FOR BUSINESS AND ECONOMICS,
BY PAUL NEWBOLD, WILLIAM L. CARLSON AND BETTY THORNE, 8TH EDITION,
PUBLISHED BY PEARSON EDUCATION, INC., C 2013.

b. INTRODUCTORY STATISTICS
By NEIL A. WEISS, 9TH EDITION
PUBLISHED BY PEARSON EDUCATION, INC., 2011.

Note: In addition to book resources, the additional resources will be provided by the resource person in
the form of handouts, selected readings from the reference books, slides, case studies / research papers
/ articles etc.

Reference Books

c. ESSENTIAL QUANTITATIVE METHODS FOR BUSINESS, MANAGEMENT AND FINANCE WITH EXCEL
AND SPSS
Author(s): LES OAKSHOTT
NEW YORK: PALGRAVE, 2006.

[5]. Grading Policy / Student Assessment:

Assessment Instrument Percentage Marks


One term exam during semester 25 marks
Class Participation 10 marks

Project Report & Presentation / Vivo 25 marks


Voce Examination
Terminal Examination 40 marks

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INSTITUTE OF BUSINESS ADMINISTRATION

[6]. Weekly Course Outline:

Session Session Topic Assessments


1 Competitive Advantage and Introduction to Quantitative
Decision Making (Why Statistical tools are required?
Measurement Scales and Data concepts and issues)
2 Exploratory Data Analysis, Gathering information and its
Presentation for Decision Making
3 Descriptive Tools for Decision Making– Basics (Measure of
Central Tendency)
4 Descriptive Tools for Decision Making – Measure of
Dispersion, Skewness and Kurtosis
5 Descriptive Tools for Decision Making – Advance Exploratory
Data Analysis and explanation of Five Number Summary and
Box plot
6 Probability and Random Variables Concepts
7 Discrete Distributions (Binomial and Poisson Distributions)
8 The Normal distribution and Jarque Berra Test
9 Sampling Distribution, Central Limit Theorem
10 Inferential Statistical Tools for Decision Making - Estimation
& Hypothesis -I (Univariate)
11 Inferential Statistical Tools for Decision Making - Estimation
& Hypothesis -II (Bivariate)
12 Inferential Statistical Tools for Decision Making - Estimation
& Hypothesis -III (Chi Square Applications and Exploratory
Data Analysis)
13 Univariate Analysis of Variance Techniques - F Test
applications
14 Non-Parametric Techniques (Sign and Wilcoxon Tests, Mann
Whitny U Test)
15 Non-Parametric Techniques (Kruskal Wallis Test etc.)

16 Regression Analysis (Simple Regression Models, Inference,


Internal and External Validity of Models)
17 Regression Analysis (Multiple Regression Models, Inference,
Internal and External Validity of Models)
18 SPSS and Eviews Lab Session

19 Applied Financial Models on volatility for decision Making –I


(ARCH AND GARCH FAMILY MODELS)

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INSTITUTE OF BUSINESS ADMINISTRATION

Session Session Topic Assessments


20 Applied Financial Models on volatility for decision Making –II
(APPLICATION WITH KSE 100 INDEX DATA)
21 Time series Based Models for data analysis and decision
making
22 Time series Forecasting for decision making
23 Panel Data Models for data analysis and decision making
24 Multivariate Analysis of Variance and Factor Analysis
25 Term paper review and presentations / ViVo Voce
Examination

[7]. Expected Class Conduct:


 Students are supposed to be regular and punctual in the class or as per IBA policy.
 Students would not be allowed to go outside during the class or as per IBA policy.
 Cell phone should remain on silent mode during the class or as per IBA policy.
 A fixed time and duration of break will be specified, those students who will come late after the
break will be marked late for that class or as per IBA policy.

[8]. Teaching and Learning Methodology:


 Formal classroom lectures
 Case studies, Research Articles and Class discussion
 Lab exercises and Computer based Assignments
 Presentation etc.

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