Statistical Learning Foundations (BUSA90562)

The subject is designed to either refresh or introduce students to foundational concepts within probability and statistics, and their applications in a business setting. The subject covers both theoretical concepts and practical exercises to help students solidify their statistical knowledge and be prepared for further subjects within applied business analytics. Students learn the foundational concepts of probability and random variables, descriptive statistics and their use and interpretation to common business variables, and applications of sample statistics and inference. Simple and multiple regression is also introduced and illustrated via case study applications. As part of the subject, students will be introduced to R, a statistical computing environment.