علوم تجارية

A.    Fundamentals of Applied Statistics (Statistics 3)

Welcome to Statistics 3: Applied Statistics, a fundamental program intended for second-year undergraduate students to enhance their comprehension of statistical ideas and methodologies. This course presents the fundamental ideas of Econometrics, a critical discipline that connects statistical theory with practical applications in business, economics, and management.

Concentrated Subjects:

1.     Sampling Distributions

Understand the correlation between sample data and the broader population. Comprehending sampling distributions is essential for deriving correct and dependable inferences in several business scenarios, including market research, quality control, and customer satisfaction assessments.

2.     Statistical Estimation

Investigate methodologies for estimating essential population parameters (e.g., mean, variance, proportions) utilising sample data. This chapter emphasises point and interval estimate, equipping you with methods to measure uncertainty in predictions, a crucial ability for risk analysis, forecasting, and resource allocation in management.

3.     Hypothesis Testing

Acquire proficiency in making evidence-based judgements through the evaluation of assumptions regarding populations. This chapter provides frameworks for analysing market trends, assessing new tactics, and validating product performance, thereby facilitating informed decision-making in commercial environments.

B. Goals of the Module:

Comprehending Fundamental Principles: Establish a robust understanding of sampling theory, estimating techniques, and hypothesis testing.Practical Application: Acquire the skills to implement statistical methodologies in real-world contexts, including the assessment of economic policies, the evaluation of corporate plans, and the analysis of financial data.

Critical Thinking: Improve your capacity to analyse and evaluate data critically, facilitating informed decision-making in professional environments.
Advantages in Everyday Life and the Corporate Sector:

This curriculum is not merely academic; it is significantly pertinent to your prospective career in the business, commercial, and management fields. By learning applied statistics and econometrics, you will acquire the ability to:

Forecast Market Trends: Employ statistical instruments to examine consumer behaviour and predict market fluctuations.

Enhance Decision-Making: Employ data-driven methodologies to augment operational efficiency and strategic planning.

Perform Research: Develop and analyse surveys and experiments to obtain actionable insights.
Assess Risks: Measure and mitigate uncertainty in investments and project results.
Significance of This Issue:

In the contemporary data-centric environment, enterprises depend significantly on statistics to maintain competitiveness. This program equips you with essential abilities for excelling in data analysis and decision-making, regardless of whether you choose a career in management, finance, marketing, commerce or entrepreneurship.

We anticipate engaging with you on these subjects and assisting you in developing the analytical competencies essential for success in the contemporary corporate landscape. Let us commence this endeavour to optimise data for your benefit!