BUAD 5032 - Intermediate Probability & Statistics

Fall (3) Koehl

Intermediate Probability and Statistics is a foundation course in the study of business analytics. It provides an understanding of the principles associated with modeling of stochastic processes. The topics will include: probability theory (important probability distributions, sampling from distributions, interaction of multiple stochastic processes); statistical analysis (descriptive/inferential/predictive statistics, multivariate statistics, time series models); and modeling (modeling concepts, Monte Carlo simulation, decision analytics). Students will also be introduced to a variety of statistical modeling packages.