3403767: Business statistics

Description

• Distribution
• Basic terms of hypothesis testing
• Criteria for the determination of the sample size
• Testing procedures and their appliances
• Simple linear regression
• Twofold linear regression
• Multiple linear regression
• Model selection

Lecture Goals

The module "Business statistics" deepens various concepts on decision taking in uncertain problematic business situations that were already subject in the bachelor program. They are core competencies for decision support for business process engineering students have to acquire in order to be responsible.
In this central models and methods of statistics are tackled. The qualifying goals of the module as well as the acquired competences of the students are as follows:

The students are acquainted with the terminology, the ways of argumentation, the constraints of statistical methods as a central concept for the solution of uncertain issues in business related problems. They are able to point out both tasks and goals of the various approaches as well as they are able to explain the appropriate ways of calculation. They can define the scope of the different methods on a conceptional level and explain these regarding their individual specific employability in a business context. In order to train their methodological skills in practical situations, real life examples and applications will be tackled using statistics software. Students interprete their outputs correctly and they know about the constraints of their interpretations.

Admission Requirements

The module "business statistics" builds on the module "economical statistics" from the bachelor program. Students are advised to revise contents from the module "economical statistics" beforehand.