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ETW1001 · Introduction to statistical analysis

Official Handbook

2026 Handbook6 credit pointsLevel 1Department of Econometrics and Business Statistics

Last checked: 23 Aug 2026 UTC

Overview

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.

Offerings

CampusTeaching periodMode
MalaysiaOctober intake teaching period, Malaysia campusTeaching activities are on-campus (ON-CAMPUS)
MalaysiaSecond semesterTeaching activities are on-campus (ON-CAMPUS)
MalaysiaFirst semesterTeaching activities are on-campus (ON-CAMPUS)

Assessment

The Handbook lists an examination for this unit.

#AssessmentTypeWeightHurdle
11 - ExerciseExercise15%
22 - Quiz / TestQuiz / Test15%
33 - WrittenWritten30%
44 - ExaminationExamination40%

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

Requisites

prohibitions

  • ETB1100 — Business statistics
  • ETC1000 — Business and economic statistics
  • ETF1100 — Business statistics
  • FIT1006 — Business information analysis
  • SCI1020 — Introduction to statistical reasoning
  • STA1010 — Statistical methods for science
  • ETM1030 — Mathematical statistics
  • ETW2001 — Foundations of data analysis
  • ETI1100 — Business statistics

Joined by OR.

Learning outcomes

  1. summarise and interpret global business and economic data using appropriate descriptive techniques
  2. apply statistical inferential concepts of probability and sampling distributions to solve problems in business and economics
  3. assess the relevance and usefulness of predictive modelling to address business and economic challenges
  4. communicate statistical results to stakeholders effectively to propose business and economic solutions as a team.

Workload

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.

ActivityDuration
Tutorials24 hours

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