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UnitLevel 2Undergraduate

ETW2510 Statistical modelling for decision making

Faculty of Business and Economics

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ETW2510 Statistical modelling for decision making is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Malaysia. It needs ETM2100, FIT2086, FIT3152, FIT3154 or STA1010 and unlocks 24 units, leading on to 40 units in all.

Credit points
6
Offered in 2027
Semester 1, Semester 2
Malaysia
Assessment
No exam
2 tasks
Workload
144 hours
per semester

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Requisites

Before ETW2510

Prerequisites

Pass these before you enrol.

One of

Prohibitions

You can't enrol if you have passed any of these.

One of

After ETW2510

24 units list ETW2510 as a prerequisite or corequisite.

Show 16 more

Overview

This unit will introduce you to the empirical analysis of relationships between variables. The approach is based on linear regression theory and emphasises applied analysis of cross-sectional and time series data. Topics studied include properties of the least squares estimators, hypothesis testing, the choice of appropriate functional forms, model selection, dummy variables, theoretical and practical issues around analysing real-world data and the problems it poses to regression modelling.

Offerings in 2027

Teaching periodCampusMode
First semesterMalaysiaOn campus
Second semesterMalaysiaOn campus

Assessment

  • Written
    60%
  • Project
    40%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    demonstrate the mechanism of Gauss Markov Theorem for Ordinary Least Square

  2. 2

    evaluate regression models using global cross-sectional data to propose economic solutions

  3. 3

    examine various Time Series model specifications in alignment with SDGs

  4. 4

    compute the rigorous prediction and forecasting output with statistics analytical software.

Workload and teaching

  • Tutorials24 hours
  • Teaching approachProblem-based learning
  • Teaching approachActive learning
  • Teaching approachResearch activities
  • Teaching approachCase-based teaching

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.

This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.

Learning resources

Required resources

1. Wooldridge, J. M. (2019), Introductory Econometrics: A Modern Approach (7th ed). Boston, MA: Cengage Learning.

2. Heiss, F. (2016). Using R for Introductory Econometrics (1 edition). Dusseldorf: Amazon Digital Services

Where it fits

ETW2510 is part of 2 areas of study in the 2027 handbook.

Contacts

Chief Examiners
Nur Syazwani

Common questions

What are the prerequisites for ETW2510?

You need ETM2100, FIT2086, FIT3152, FIT3154 or STA1010 before you enrol.

What can I take after ETW2510?

ETW2510 is a prerequisite or corequisite for 24 units, including ECX5479, ETC3400, ETC3410, ETC3450, ETC3460 and ETC3550. Those lead on to 40 units in all.

When is ETW2510 offered?

In 2027, ETW2510 runs in Semester 1 and Semester 2 at Malaysia.

How much work is ETW2510?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ETW2510 have an exam?

No. ETW2510 has 2 assessment tasks and no exam.

Which majors and minors include ETW2510?

ETW2510 is part of Econometrics and business statistics.

More details

Credit points
6
Level
2
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Econometrics and Business Statistics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available
Handbook years
2021202220232024202520262027