Subject description
Introductory topics:
- Relations among official statistics, economic statistics and business statistics.
- Relevance of business statistics for business decision-making processes and economic policy-making.
Data sources for business decision-making:
- Macro aspect.
- Micro aspect.
Levels of analysis in business decision-making processes:
- Analysis of macroeconomic environment.
- Industry analysis.
- Company analysis.
Statistical support for business decision-making:
- In R&D function.
- In HRM function.
- In purchasing.
- In production and operations.
- In marketing.
- In accounting and finance.
Statistical support for strategic decision-making.
Other relevant topics.
The subject is taught in programs
Objectives and competences
After taking this course and based on the modern information technology the students should be able to:
- find and/or collect, analyse and interpret relevant statistical data to solve a given business problem;
- interpret basic economic, social and business implications of published official statistical data;
- identify examples of business world's misuse of statistics.
Teaching and learning methods
- Lectures.
- Seminars.
- Tutorials.
- Project work.
- Presentations.
Expected study results
Students will familiarize themselves with the basic concepts relevant in economics and business sciences, their statistical operationalisation and measurement.
Skills acquisition:
- secondary data search, evaluation and use in economics and business sciences;
- primary data collection, evaluation and use in economics and business sciences;
- use of statistical software packages in economics and business sciences;
- data/results of analysis visualisation and dissemination in economics and business sciences.
Basic sources and literature
- Coleman, Shirley (ur.), Greenfield, Tony (ur.), Stewardson, Dave (ur.), Montgomery, Douglas C. (ur.). Statistical practice in business and industry, (Statistics in practice). Chichester: John Wiley & Sons, 2008.
- Bregar L., Ograjenšek I.: Statistika za poslovno odločanje. Ljubljana : Ekonomska fakulteta, 2008.
- Albright, S.C., W.L. Winston in C.J. Zappe (različne izdaje): Managerial Statistics. Pacific Grove: Duxbury.
- Izbrani članki.
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University of Ljubljana, Faculty of Electrical Engineering Tržaška cesta 25, 1000 Ljubljana