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Statistical thinking

ETC5242

Synopsis

This unit presents data analysis, statistical modelling and decision-making in the presence of uncertainty, using a computational approach. You will use different frameworks of probability that are helpful for analysing real-world problems. Topics covered will include probability distributions, statistical inference (classical & Bayesian), simulation, permutation and randomisation methods, regression models, decision theory, and model assessment and diagnosis.

Sourced from the Monash Handbook 2026.

Quick facts

Credit points
6
Level
5
Audience
Postgraduate
Type
Coursework
School
Faculty of Business and Economics
Faculty
Department of Econometrics and Business Statistics
Handbook year
2026

Prerequisites

No prereqs in the handbook graph.

What it unlocks (7)

Offerings (2)

  • First semesterClayton · ON-CAMPUS
  • Second semesterClayton · ON-CAMPUS