Module Title:Statistics and Forecasting
Language of Instruction:English
Credits: 5
NFQ Level:6
Module Delivered In 5 programme(s)
Teaching & Learning Strategies: Classes with be practical in focus, using example questions to illustrate key points and theories. Students will be expected to complete work-sheets in their independent learning time to re-enforce understanding of key issues
Module Aim: 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 should be able to:
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.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
 

Module Content & Assessment

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
Assessment Breakdown%
Continuous Assessment100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination Class Test: in class assessment 1,2,3 50.00 Week 6
Examination Class Test: in class assessment 1,2,3 50.00 Week 12
No Project
No Practical
No End of Module Formal Examination

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

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 3.00
Independent Learning 15 Weeks per Stage 5.93
Total Hours 125.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 1.50
Independent Learning Time 15 Weeks per Stage 2.97
Total Hours 62.50
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWBUS_B Bachelor of Business (Honours) Options: in Business or Digital Marketing 1 Mandatory
CW_BWBUS_D Bachelor of Business Options: Business or Digital Marketing 1 Mandatory
CW_BWTEM_B Bachelor of Science (Honours) in Tourism and Event Management 1 Mandatory
CW_BWTEM_D Bachelor of Science in Tourism and Event Management 1 Mandatory
CW_BWBUS_C Higher Certificate in Business 1 Mandatory