Building on MATH210, this advanced business statistics course is designed for students interested in understanding and applying statistical methods in a northern Canadian context. Emphasis will be placed on deepening the understanding of the practical applications of inferential statistical methods in the context of northern Canadian businesses and industries. Throughout the course, students will engage in hands-on activities, such as data analysis and interpretation, and will learn to use statistical software to perform these analyses. Students will partake in a final, experiential project which will incorporate many of the tools and concepts acquired in both courses. This will allow students to better understand unique northern business challenges and encourage them to work independently, as well as collaboratively, with local northern organizations.

Topics covered include analysis of variance, chi-squared tests, regression, model building, time-series analysis and forecasting, statistical process control, and decision analysis. Learning objectives for each topic are reinforced with business problems, small case studies and/or the application of statistical techniques using Microsoft Excel®. By the end of the course, students will have a strong understanding of statistical methods and their applications in a northern Canadian context, and will be well-prepared to apply these skills in a professional setting.

Prerequisite(s): MATH210 or RRMT202 or equivalent