ETB2111 Business data modelling
Faculty of Business and Economics
ETB2111 Business data modelling is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 at Peninsula. It needs FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001, ETX1100 or ETB1100 and unlocks 2 units, leading on to 5 units in all.
- Credit points
- 6
- Offered in 2022
- Semester 1
- Peninsula
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2025 entry.
Reviews
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Requisites
Before ETB2111
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- FIT1006Business information analysisNo reviews yet
- ETC1000Business and economic statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningRated 5.0 out of 5 from 1 review
- ETF1100Business statisticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
- ETW1001Introduction to statistical analysisNo reviews yet
- ETX1100Business statisticsNo reviews yet
- ETB1100Business statisticsNo reviews yet
After ETB2111
2 units list ETB2111 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
Further develops statistical concepts from ETB1100 Business statistics and their application to business sectors such as finance, accounting and marketing. Sources of data and sampling techniques are examined. Confidence interval estimation for single populations, and a focus on hypothesis testing both for single populations and between populations to identify significant findings. Commonly used modelling methods in industry - simple and multiple regression for both linear and non-linear models. Introduction to analysis of variance and non-parametric methods. Emphasis throughout is on interpretation of results that provides insight and value to management. Excel software will be used.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Peninsula | On campus |
Assessment
- Within semester assessment60%
- ExaminationThreshold hurdle40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
demonstrate an understanding of sampling design and apply appropriate sampling methods relevant to the business context at hand
- 2
demonstrate an understanding of the importance of statistical inference in business, specifically, be able to determine and interpret significant differences required for decision making
- 3
demonstrate the ability to conduct and understand regression analyses, as well as interpret the findings and communicate their business value
- 4
demonstrate an understanding of non-parametric methods and their role when applied in business.
Workload and teaching
- Lectures24 hours
- Tutorials24 hours
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Technology resources
Laptop required. Loan laptops are available https://msa.monash.edu/services/msa-library/borrowing/gadgets/
Calculator not required.
Contacts
- Chief Examiners
- Ms Geraldine Roberts
Common questions
What are the prerequisites for ETB2111?
You need FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001, ETX1100 or ETB1100 before you enrol. Enrolment rules also apply.
What can I take after ETB2111?
ETB2111 is a prerequisite or corequisite for 2 units, including ETF3231 and ETF5231. Those lead on to 5 units in all.
When is ETB2111 offered?
In 2022, ETB2111 runs in Semester 1 at Peninsula.
How much work is ETB2111?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETB2111 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 1 other task.