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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2013/2014
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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Business Statistics and Forecasting (CMSE11080)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits15
Home subject areaCommon Courses (Management School) Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThis course introduces students to basic business statistics and aspects of decision-making. It examines aspects of business and marketing with regards to basic statistical analysis. In addition, students learn about methods for predicting and forecasting and how it contributes towards managerial decision-making about future actions. Students will be provided with the theoretical concepts, tools and methods of forecasting as well as the opportunity to work through real-life examples.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesNone
Displayed in Visiting Students Prospectus?No
Course Delivery Information
Not being delivered
Summary of Intended Learning Outcomes
A. Knowledge and understanding of
* the key terminology, concepts and tools used in business statistical analysis and forecasting;
* the range of business statistics used;
* the range of quantitative methods and tools used in forecasting;
* the underlying assumptions of analysis tools;
* the issues surrounding sampling and significance;
* the uses and limitations of statistical analysis;
* the capabilities of computer software for statistical analysis.

B. Intellectual skills
Students will develop analytical skills such as:
* the ability to recognise statistical and forecasting techniques appropriate to the analysis of particular business problems or situations;
* the ability to select appropriate statistical and forecasting techniques and evaluate their relative merits and costs;
* the ability to calculate and interpret forecasting and business statistics.

C. Professional/subject specific/practical skills
Students will gain:
* the experience of working with data sets and applying business statistics and forecasting;
* the experience of using computer software packages in statistical analysis and forecasting;
* the ability to access and interpret existing business statistics and forecasting information.

D. Transferable skills
By the end of the course students will be expected to:
* be able to use computer software packages in the analysis of business operations and forecasting;
* be able to work individually and as a team in the construct and interpretation of business statistical analysis reports;
* be able to present the results of business analysis and forecasting techniques.

Assessment Information
An exam (weighted 70%)
Individual assignment (weighted 30%).
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus Not entered
Transferable skills Not entered
Reading list Not entered
Study Abroad Not entered
Study Pattern Not entered
KeywordsNot entered
Contacts
Course organiserDr Galina Andreeva
Tel: (0131 6)51 3293
Email: Galina.Andreeva@ed.ac.uk
Course secretary Katie Harrison
Tel: (0131 6)50 8071
Email: Katie.Harrison@ed.ac.uk
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