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