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Introduction to statistical analysis
ETW1001
Synopsis
This unit introduces you to the key aspects of statistical analysis: descriptive analytics, diagnostic analytics, predictive analytics and prescriptive analytics. In particular, this unit covers descriptive statistics for revealing the information contained in data; probability as a tool for dealing with uncertainty; probability distributions to model business behaviour; confidence interval estimation and hypothesis testing techniques; analysis of relationships between variables using linear regression; and simple tools for forecasting time series data. Excel software will be used. You will also be able to effectively communicate the results of your analyses.
Sourced from the Monash Handbook 2026.
Quick facts
- Credit points
- 6
- Level
- 1
- Audience
- Undergraduate
- 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 (28)
- Equity marketsBFF2701
- Introduction to data analysisETC1010
- Introductory econometricsETC2410
- Statistical thinkingETC2420
- Actuarial cash flow modellingETC2430
- Mathematics for economics and businessETC2440
- Probability and statistical inference for economics and businessETC2520
- Statistical modelling for actuarial studiesETC2560
- Probability and statistical inference for economics and businessETC5252
- Statistical modelling for actuarial studiesETC5256
- Statistical foundations of business analyticsETF2020
- Introductory econometricsETF2100
- Data analysis in businessETF2121
- Optimisation for businessETF2480
- Statistical foundations of business analyticsETF5202
- Business optimisation skillsETF5650
- Introductory applied econometricsETF5910
- Data analysis in businessETF5912
- Data visualisation and communicationETF5922
- Principles of statistical inference ETM2100
- Text analytics for businessETM3800
- Design and analysis of sample surveysETW2420
- Financial modelling and analyticsETW3481
- Data mining and predictive modellingETW3482
- Introductory econometricsETX2100
- Digital business intelligenceETX2200
- Data visualisation and communicationETX2250
- Marketing research analysisMKC2500
Offerings (3)
- October intake teaching period, Malaysia campusMalaysia · ON-CAMPUS
- Second semesterMalaysia · ON-CAMPUS
- First semesterMalaysia · ON-CAMPUS
Listed in 2 areas of study
- Business analyticsCore units
- Econometrics and business statisticsCore units