GBA 5140 Statistics Essentials For Business Analytics (3 credits)
Applications of managerial statistics for business decisions. Data collection, confidence interval estimation of mean and proportion, one and two-population hypothesis testing of mean and proportion, one-way and two-way Chi-square testing, simple linear regression, multiple linear regression, and Analysis of Variance.
- Use sample statistics to make inferences about population parameters.
- Formulate and test hypotheses for business decisions
- Understand the distinction between ordinal and categorical data and apply appropriate analytical techniques.
- Use simple and multiple regression as predictive analytical techniques
- Apply Analysis of Variance (ANOVA) technique for comparison of multiple populations
- Apply statistical analysis to different functional areas of business and communicate the results to business professionals
- Describe the differences between descriptive analytics and predictive analytics, prescriptive analytics, social media analytics, and Big Data.