GBA 6230 Advanced Statistics In Business Decision Making (3 Credits)
This course introduces advanced statistical methods and procedures for estimating microeconomic relationships, testing theories, and evaluating and forecasting impacts of business decisions. This course equips students with the capability to read and critique professional empirical literature in business and economics, and to conduct independent research using business data. This course focuses on business applications in areas such as Marketing, Finance, Operations and others.
- Explain similarities and differences in various multivariate statistics techniques in terms of objectives, design, assumptions, estimates, and interpretation of the results.
- Choose appropriate multivariate statistical techniques most appropriate given a situation.
- Use statistical package (e.g., R, SPSS) to run analysis.
- Interpret the outputs generated by statistical package and generate insights.
- Make managerial recommendations based on the results of the multivariate statistics.