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Statistical Modeling Course Outline

This document outlines a statistical modeling course taught by Professor Richard Waterman. The course objectives are to understand statistical inference foundations and apply multiple regression modeling. Students will develop comprehensive knowledge of management research methods through multiple regression analysis. Practical labs allow students to communicate results and a final project applies technical writing skills. Students use JMP statistical software and a required textbook. The course consists of 12 sessions covering topics from descriptive statistics to categorical variable regression. Students are evaluated based on labs, projects, and exams.

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Bitan Chakraborty
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61 views3 pages

Statistical Modeling Course Outline

This document outlines a statistical modeling course taught by Professor Richard Waterman. The course objectives are to understand statistical inference foundations and apply multiple regression modeling. Students will develop comprehensive knowledge of management research methods through multiple regression analysis. Practical labs allow students to communicate results and a final project applies technical writing skills. Students use JMP statistical software and a required textbook. The course consists of 12 sessions covering topics from descriptive statistics to categorical variable regression. Students are evaluated based on labs, projects, and exams.

Uploaded by

Bitan Chakraborty
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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EFPM Course Outline Template (2018-19)

Name of the Course: Statistical modeling


Faculty: Professor Richard Waterman

COURSE OBJECTIVES: To obtain an understanding of the foundations of statistical inference


and the practical skill of fitting and evaluating multiple regression models.

LEARNING GOALS ADDRESSED:

Comprehensive knowledge and application of management research methods. Multiple regression


analysis, which is the core subject matter of this course, is perhaps the most used tool among
quantitative research methods. In addition, understanding the limitations of the methodology is equally
important, and the course will develop a critical approach to this, by focusing on the assumptions and
correct interpretation of the regression model and its related inferences.

Communication of research based insights.

The practical in-class labs will give students a platform to hone their communications skills as they
present their results to the class. In addition, a final written project will give students the opportunity to
write a technical research document, but with a focus on presenting results in a suitable manner for a
general management audience.

PEDAGOGY AND LEARNING MATERIALS TO BE USED:


JMP version 13 or 14, statistical software.
Required book: Stine & Foster (2013). Statistics for Business: Decision Making and Analysis. Addison
Wesley. Second Edition.

Available from the LRC:


Foster, Stine, and Waterman (1998). Business Analysis using Regression. Springer.

Foster, Stine, and Waterman (1998). Basic Business Statistics. Springer.

PRE- READINGS AND PRE ASSIGNMENTS FOR THE CLASS:


Skim Stine and Foster Chapters 1 through 5 for background material.
Read Stine Chapters 13 and 14.
GRADING COMPONENTS:
Grading will be based on the components below. You can however change as per the
requirements of the course. Please note that the percentage allocated to any one component
of the overall grades should not exceed 40%.
Students will need to bring a laptop computer to class, loaded with the JMP software to
do the labs.
Percentage of the Final
Grading Component Code
Grade
Lab 1 1N 10
Lab 2 1N 10
Lab 3 1N 10
Final project 1N 30
Final Exam 4N 40

CODING SCHEME FOR ALL COURSE WORK


The faculty members are encouraged to add the coding scheme for all the submission
components in each course.

What kinds of collaborative What material can be referred


activities are allowed? to?
Can I discuss
Can I discuss
specific Can I refer to
general concepts
References issues Can I refer to the case-study
and ideas
/ Coding associated external solutions or
relevant to the
Scheme with the material? problem set
assignment with
assignment solutions?
others?
with others?
4N N N N N
3N- a Y N N N
3N-b N N Y N
2N-a Y Y N N
2N-b Y N Y N
2N-c N N Y Y
1N Y Y Y N
0N Y Y Y Y
DETAILED SESSION SCHEDULE
Pre readings (all chapters
Session Topics covered
from Stine and Foster)
Session 1 Intro. Descriptive stats. Normal distn. 1 to 5, 12
Session 2 Std. error. CLT. Quality control. 14
Session 3 Confidence intervals. Mean, proportion 15
Session 4 Hypothesis test. P-value. Lab 1. 16
Session 5 Two-sample comparisons. 17
Session 6 Correlation and regression line of best fit. 19
Session 7 Curvature and transformations. 20
Regression assumptions and
Session 8 21 and 22
diagnostics. Lab 2
Session 9 Multiple regression 23
Session 10 Collinearity 24
Session 11 Hypothesis testing and model development 24
Session 12 Categorical variables (2 level) Lab 3 25

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