Module Details

Module Code: STAT C1703
Module Title: Statistics and Forecasting
Title: Statistics and Forecasting
Module Level:: 6
Credits:: 5
Module Coordinator: Janette Davies
Module Author:: Edmund Joyce
Domains:  
Module Description: To give a thorough grounding in the mathematics required for the successful understanding and solution of business problems.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Apply mathematical skills to solve numerical problems in the area of business
LO2 Solve mathematical problems and manipulate formula, as appropriate
LO3 Apply statistical skills to solve business problems and model, analyse, interpret and present business data, using the principles of statistics.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Probability
• Introduction to probability • Normal Distribution
Statistics
• Introduction • Purpose of Statistics
Measures of Central Tendency and Dispersion
• Mean, Mode and Median • Standard Deviation, Range • Coefficient of Variation • Application and Interpretation in Quality Control
Correlation and Regression
Correlation and Regression
Time Series and Forecasting
Time Series and Forecasting
Index Numbers
Index Numbers
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment100.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Examination % of Total Mark 50
Timing Week 6 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Test: in class assessment
Assessment Type Examination % of Total Mark 50
Timing Week 12 Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Class Test: in class assessment
No Project
No Practical
No End of Module Formal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Business Mathematics 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Business Mathematics 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Business Maths 12 Weeks per Stage 1.50 18
Independent Learning Time Non Contact Business Maths 15 Weeks per Stage 2.97 44.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Andy Francis. (2015), Business Mathematics and Statistics, Cengage Learning EMEA, p.666, [ISBN: 1844801284].
  • Clendener G. & Salzman S.. (2014), Mathematics for Business, 10th. Pearson Education, New York, [ISBN: 9780132898355].
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: