CMBA5810: Introduction to Statistics and Business Analytics

This course focuses on the use of data to solve business problems and the development of skills necessary to (1) formulate a management problem as a statistical problem; (2) collect appropriate data and perform fundamental procedures of statistical analysis; and (3) to interpret, critically evaluate, and implement the results of the statistical analysis. In particular, the student should be able to: generate and use basic graphical and numerical descriptive methods; apply basic estimation and testing procedures; estimate and interpret the parameters of simple and multiple regression model; to test the utility of the model and to use it for estimation and prediction; think statistically about issues facing her/his organization; recognize when statistical methods are effective, and when they are not; and to translate, communicate, and critically evaluate the results of statistical analyses.

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