Preview

ADM3628 Fall 14

Satisfactory Essays
Open Document
Open Document
840 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ADM3628 Fall 14
University of New Brunswick

Faculty of Business Administration

Academic Year:
2014-2015

COURSE OUTLINE
ADM 3628 [FR01A]
Advanced Statistics
For Finance

Instructor:
Dr. M. A. Rahim
Term:
Fall 2014
Office:
Tilley Hall #336
Day(s):
T, Th
Phone:
458-7335
Time:
5:30 – 6:50 pm
E-mail:
rahim@unb.ca
Classroom:
SH 161
Office Hours:
T, Th 10:00 – 11:50 am

A. COURSE DESCRIPTION

This is a continuation of ADM2623. In this course we study the basic theory behind statistical techniques such as simple and multiple regression and parametric and non-parametric methods of estimation and hypothesis testing and their applications in business with emphasis on problems in Finance. Reasonable emphasis will be placed on use of statistical software.

Pre-Requisite(s): ADM 2623

B. COURSE OBJECTIVES

Statistical techniques have profound applications in almost all areas of modern science, including social and natural sciences. The objective of this course is to provide students with basic understanding of important statistical techniques and help them develop skills to work with statisticians towards appropriate application of these techniques to problems in business and management and interpretation of outputs of statistical software.

C. ASSURANCE OF LEARNING

Students will learn the Analysis and Problem Solving skills through (i) modeling of various business decision-making situations as quantitative problems in statistics and (ii) applying quantitative techniques in statistics to develop solutions.
The course also focuses on the Critical and Creative Thinking by providing training in developing probabilistic evidence in support of or against choices/hypotheses. Students will be exposed to rich applications of these to various areas in business.
The learning goals will be realized in several ways. By the conclusion of this course, students will:
Understand significance of normal distribution and central limit theorem in application of statistical techniques to real world

You May Also Find These Documents Helpful

  • Powerful Essays

    The Syllabus on Info 3010

    • 2401 Words
    • 10 Pages

    This course introduces students to the use of the computer as a business modeling tool. The overarching goal is to teach students to use computers to analyze models and data for integrated decision making across multiple domains including finance, marketing, accounting, strategy, and operations. The course proceeds in several parts: 1) Data Modeling - building on INFO 1010 and MATH 1140, the course will review data modeling in Excel; 2) Deterministic Modeling - the course will cover decision-making under uncertainty using optimization models such as linear programming. Problems such as portfolio optimization, transportation, assignment, set-covering, and scheduling are covered and the concepts of problem formulation and sensitivity analysis are introduced; 3) Spreadsheet Automation - concepts for programming in Excel will be introduced; and 4) Probabilistic Modeling decision making in an environment of uncertainty is covered using simulation and the principles of decision analysis. Students will also learn to choose the appropriate probability distribution for a given problem.…

    • 2401 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    integrative, and decision-making skills will be exercised through the use of case analysis and decision…

    • 7745 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    Merere

    • 1225 Words
    • 5 Pages

    This course introduces the basic statistical concepts and methods in inferential statistics and quantitative decision making useful in analyzing problems in all areas of business and economics.…

    • 1225 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Chapter14HWSolutions

    • 3460 Words
    • 14 Pages

    Learn how new information and revised probability values can be used in the decision analysis approach to problem solving.…

    • 3460 Words
    • 14 Pages
    Satisfactory Essays
  • Good Essays

    DECISION ANALYSIS Making important decisions often requires treating major uncertainty, long time horizons, and complex value issues. To deal with such problems, the discipline of decision analysis was developed. The discipline comprises the philosophy, theory, methodology, and professional practice necessary to formalize the analysis of important decisions. Decision Analysis is a set of quantitative decision-making techniques for decision situations in which uncertainty exists. Decision analysis represents not only a collection of decisionmaking techniques but also an analysis of logic underlying decision making. Decision-making requires choosing between alternatives. While the range of alternatives to be considered is set by the decision-maker, the decision analyst may be able to suggest new alternatives as the analysis progresses. Many decision problems become relatively trivial if uncertainty is removed. For example, consider how easily a decision-maker could make a critical decision in launching a new commercial product if he/she could predict with certainty production and sales costs, pricedemand relationships, and governmental decisions. Decision analysis treats uncertainty effectively by encoding informed judgment in the form of probability assignments to events and variables. One of the most basic concepts in decision analysis is the distinction between a good decision and a good outcome. A good decision is a logical decision -- one based on the information, values, and preferences of the decision-maker. A good outcome is one that is profitable, or otherwise highly values. In short, a good outcome is one that we wish would happen. By making good decisions in all situations that face us, we hope to ensure as high a percentage of good outcomes as possible. We may be disappointed to find that a good decision has produced a bad outcome, or dismayed to learn that someone who has made what we consider to be a…

    • 1652 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    you will often face situations in which a clear understanding of statistical thinking and decisionmaking methodology will be essential. I have designed the course to:…

    • 3379 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    broadcast

    • 327 Words
    • 1 Page

    Statistics is a very important in everyday life, using within company or everyday life statistic will help to determine important matters before a company makes major decisions. This information can be found by using the internet, conducting live or internet or phone surveys. The company must choose the method best suits the company in order to help get the flow of the company in line.…

    • 327 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Statistical techniques are analytical tools for handling risky investments. These techniques, drawing from the fields of mathematics, logic, economics and psychology, enable the decision-maker to make decisions under risk or uncertainty.…

    • 1500 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Deposit Mobilizzation

    • 2141 Words
    • 9 Pages

    Bibliography: * Levin R. I and Rubin D.S. (2008), “Statistics for Management (7th Ed.)”, Pearson Prentice Hall. New Delhi…

    • 2141 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Syllabus

    • 2544 Words
    • 11 Pages

    samples (z-test), one sample and two sample tests for means of small samples (t-test), F-test…

    • 2544 Words
    • 11 Pages
    Satisfactory Essays
  • Satisfactory Essays

    |CP – 103 |Managerial Economics – I (Micro) |I = Micro Economics - I |…

    • 11832 Words
    • 48 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Expose students to the application of basic Algebraic methods used in field of management. Introduction to the statistical methods and application in areas of research.…

    • 776 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Role of Financial Management

    • 5427 Words
    • 22 Pages

    References: ❖ Statistical Methods Sultan Chand & Sons Publishers, New Delhi,Thirty Fourth Edition, 2005 - Gupta, S.P.…

    • 5427 Words
    • 22 Pages
    Powerful Essays
  • Good Essays

    Meaning Of Statistics

    • 496 Words
    • 2 Pages

    Statistics is a subject consisting of rules, methods and techniques of collecting data and presenting large amount of numerical information. It is also used to draw inference about the population on the basis of sample…

    • 496 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Our Life

    • 740 Words
    • 3 Pages

    Statistics play an important role in economics. Economics largely depends upon statistics. National income accounts are multipurpose indicators for the economists and administrators. Statistical methods are used for preparation of these accounts. In economics research statistical methods are used for collecting and analysis the data and testing hypothesis. The relationship between supply and demands is studies by statistical methods, the imports and exports, the inflation rate, the per capita income are the problems which require good knowledge of statistics.(3) In Mathematics:…

    • 740 Words
    • 3 Pages
    Good Essays