BIRLA INSTITUTE OF TECHNOLOGY & SCIENCE, PILANI

WORK INTEGRATED LEARNING PROGRAMMES

Digital

Part A: Content Design

Course Title Advanced Statistical Methods

Course No BA ZG524/MBA ZG538/PDBA ZG538
Credit Units 4
Credit Model
Content Authors SANDEEP KAYASTHA

Course Objectives (CO)

CO-1 To sensitize the student to the concepts and techniques of Multivariate
Techniques

CO-2 To cover miscellaneous topics in basic statistics

CO-3 To enable the student to interpret computer outputs

Textbooks (T)
T-1 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D.
(Hypothesis Testing) Camm and James J. Cochran, Statistics for Business and Economics.
Twelfth edition. Cengage Learning. 2014.
T-2 Deepak Chawla and Neena Sondhi, Research Methodology, Vikas, 2012
(Multivariate Analysis)
T-3 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D
(OR Models) Camm and Kipp Martin. Quantitative Methods for Business. Twelfth
edition. Cengage Learning. 2013.

Reference Books (R)

R-1 Applied Multivariate Techniques by Subhash Sharma, John Wiley &
(Multivariate Analysis) Sons, Inc.

R-2 Abdelmonem Afifi, Susanne May, Virginia A. Clark, Practical

(Multivariate Analysis) Multivariate Analysis, Fifth Edition (Chapman & Hall/CRC Texts in
Statistical Science)
R-3 David R Anderson, Dennis J Sweeney, Thomas A Williams, Jeffrey D.
(Business Statistics) Camm and James J. Cochran, Statistics for Business and Economics.
Twelfth edition. Cengage Learning. 2014.
Content Structure
1. Review of Sampling, Estimation & Hypothesis Testing
1.1 Random Sampling
1.2 Confidence Intervals
1.2 Hypothesis Testing Methodology
1.3 Computing p-value
2. Inferences about Population Variances
2.1 Inferences about a Population Variance
2.2 Inferences about Two Population Variances
3. Tests of Goodness of Fit and Independence
3.1 Goodness of Fit Test: A Multinomial Population
3.1 Test of Independence
4. Experimental Design and ANOVA
4.1 An Introduction
4.2 Introduction to Experimental Design
4.3 ANOVA and the Completely Randomized Design
4.4 Randomized Block Design
4.5 Factorial Design
5. Simple Linear Regression
5.1 Simple Linear Regression Model
5.2 Least Square method
5.3 Coefficient of Determination
5.4 Model Assumptions
5.5 Testing for Significance
5.6 Using Residual Analysis to Test the Assumptions
5.7 Measuring Auto-Correlation
5.8 Residual Analysis to Identify Outliers and influential Observations
6. Multiple Regression
6.1 Assumptions & Basics
6.2 Computer Output Interpretation
6.3 Transforming Dependent & Independent Variables
6.4 Dealing with Multi-collinearity
6.5 Regression with Dummy Variables
6.6 Residual Analysis
7. Logistic Regression
7.1 The Model
7.2 Interpreting the Model
7.3 Testing for Significance
8. Discriminant Analysis
8.1 Objectives and Uses
8.2 Discriminant Analysis Model
8.3 Assessing Classification Accuracy
8.4 Illustration of Discriminant Analysis
9. Exploratory Factor Analysis
9.1 Uses of Factor Analysis
9.2 Conditions for Factor Analysis
9.2 Steps in Factor Analysis
10. Cluster Analysis
10.1 Uses of Cluster Analysis
10.2 Associated Statistics
10.3 Cluster Analysis Process
10.4 The Algorithm
11. Non-Parametric Tests
11.1 Sign Test
11.2 Wilcoxon Signed-Rank Test
11.3 Mann-Whitney-Wilcoxon Test
12. Bayesian Statistics

Learning Outcomes (LO)

LO-No Learning Outcome

LO-1 The student should be able to identify the appropriate technique for a business
problem

LO-2 The student should be able to interpret computer outputs

 Part B: Learning Plan

Academic Term Second Semester 2022-2023

Course Title Advanced Statistical Methods
Course No BA ZG524/MBA ZG538/PDBA ZG538
Lead Instructor SANDEEP KAYASTHA

Contact
Hour Type Content Reference Topic Study/HW Resource Reference
Review – Sampling, Estimation &
1 Pre CH T-1 Hypothesis Testing Read Chapter 7 – 9
Review – Sampling, Estimation &
1 During CH T-1 Hypothesis Testing Chapter 7 – 9
Review – Sampling, Estimation &
1 Post CH T-1 Hypothesis Testing Solve selected textbook problems

Review – Sampling, Estimation &

2 Pre CH T-1 Hypothesis Testing Read Chapter 7 – 9
Review – Sampling, Estimation &
2 During CH T-1 Hypothesis Testing Chapter 7 – 9
Review – Sampling, Estimation &
2 Post CH T-1 Hypothesis Testing Solve selected textbook problems

3 Pre CH T-1 Inference about Variances Read Chapter 11

3 During CH T-1 Inference about Variances Chapter 11
3 Post CH T-1 Inference about Variances Solve selected textbook problems

Test of Goodness of Fit &

4 Pre CH T-1 Independence Read Chapter 12
Test of Goodness of Fit &
4 During CH T-1 Independence Chapter 12
Test of Goodness of Fit &
4 Post CH T-1 Independence Solve selected textbook problems

Test of Goodness of Fit &

5 Pre CH T-1 Independence Read Chapter 12
Test of Goodness of Fit &
5 During CH T-1 Independence Chapter 12
Test of Goodness of Fit &
5 Post CH T-1 Independence Solve selected textbook problems

6 Pre CH T-1 ANOVA Read Chapter 13

6 During CH T-1 ANOVA Chapter 13 (13.1 and 13.2)
6 Post CH T-1 ANOVA Solve selected textbook problems

7 Pre CH T-1 ANOVA Read Chapter-13

7 During CH T-1 ANOVA Chapter 13 (13.2)
7 Post CH T-1 ANOVA Solve selected textbook problems

8 Pre CH T-1 ANOVA Read Chapter 13

8 During CH T-1 ANOVA Chapter 13 (13.2 – 13.4)
8 Post CH T-1 ANOVA Solve selected textbook problems

9 Pre CH T-1 ANOVA Read Chapter-13

9 During CH T-1 ANOVA Chapter 13 (13.2 – 13.5)
9 Post CH T-1 ANOVA Solve selected textbook problems

10 Pre CH T-1 Simple Linear Regression Read Chapter 14

10 During CH T-1 Simple Linear Regression Chapter 14 (14.1 to 14.4)
10 Post CH T-1 Simple Linear Regression Solve selected textbook problems

11 Pre CH T-1 Simple Linear Regression Read Chapter 14

11 During CH T-1 Simple Linear Regression Chapter 14 (14.5 to 14.7)
11 Post CH T-1 Simple Linear Regression Solve selected textbook problems

12 Pre CH T-1 Simple Linear Regression Read Chapter 14

12 During CH T-1 Simple Linear Regression Chapter 14 (14.8 and 14.9)
12 Post CH T-1 Simple Linear Regression Solve selected textbook problems

13 Pre CH T-1 Multiple Regression Read Chapter 15

13 During CH T-1 Multiple Regression Chapter 15 (15.1 – 15.5)
13 Post CH T-1 Multiple Regression Solve selected textbook problems

14 Pre CH T-1 Multiple Regression Read Chapter 15

14 During CH T-1 Multiple Regression Chapter 15 (15.1 – 15.8)
14 Post CH T-1 Multiple Regression Solve selected textbook problems

15 Pre CH T-1 Multiple Regression Read Chapter 16

15 During CH T-1 Multiple Regression Chapter 16 (16.1 & 16.6)
15 Post CH T-1 Multiple Regression Solve selected textbook problems

16 Pre CH T-1 Logistic Regression Read Chapter 15.9

16 During CH T-1 Logistic Regression Chapter 15.9
16 Post CH T-1 Logistic Regression Solve selected textbook problems

17 Pre CH T-2 Discriminant Analysis Read Chapter 17

17 During CH T-2 Discriminant Analysis Chapter 17
17 Post CH T-2 Discriminant Analysis Solve selected textbook problems

18 Pre CH T-2 Discriminant Analysis Read Chapter 17

18 During CH T-2 Discriminant Analysis Chapter 17
18 Post CH T-2 Discriminant Analysis Solve selected textbook problems

19 Pre CH T-2 Factor Analysis Read Chapter 16

19 During CH T-2 Factor Analysis Chapter 16
19 Post CH T-2 Factor Analysis Solve selected textbook problems

20 Pre CH T-2 Factor Analysis Read Chapter 16

20 During CH T-2 Factor Analysis Chapter 16
20 Post CH T-2 Factor Analysis Solve selected textbook problems

21 Pre CH T-2 Factor Analysis Read Chapter 16

21 During CH T-2 Factor Analysis Chapter 16
21 Post CH T-2 Factor Analysis Solve selected textbook problems

22 Pre CH T-2 Factor Analysis Read Chapter 16

22 During CH T-2 Factor Analysis Chapter 16
22 Post CH T-2 Factor Analysis Solve selected textbook problems

23 Pre CH T-2 Cluster Analysis Read Chapter 18

23 During CH T-2 Cluster Analysis Chapter 18
23 Post CH T-2 Cluster Analysis Solve selected textbook problems

24 Pre CH T-2 Cluster Analysis Read Chapter 18

24 During CH T-2 Cluster Analysis Chapter 18
24 Post CH T-2 Cluster Analysis Solve selected textbook problems

25 Pre CH T-2 Cluster Analysis Read Chapter 18

25 During CH T-2 Cluster Analysis Chapter 18
25 Post CH T-2 Cluster Analysis Solve selected textbook problems

26 Pre CH T-1 Non-Parametric Tests Read Chapter 18

26 During CH T-1 Non-Parametric Tests Chapter 18 (18.1 – 18.2)
26 Post CH T-1 Non-Parametric Tests Solve selected textbook problems

27 Pre CH T-1 Non-Parametric Tests Read Chapter 18

27 During CH T-1 Non-Parametric Tests Chapter 18 (18.3 – 18.4)
27 Post CH T-1 Non-Parametric Tests Solve selected textbook problems

28 Pre CH T-3 Simulation Read Chapter 16

28 During CH T-3 Simulation Chapter 16.3
28 Post CH T-3 Simulation Solve selected textbook problems

29 Pre CH T-3 Forecasting Read Chapter 6

29 During CH T-3 Forecasting Chapter 6.1 – 6.3
29 Post CH T-3 Forecasting Solve selected textbook problems

30 Pre CH T-3 Forecasting Read Chapter 6

30 During CH T-3 Forecasting Chapter 6.1 – 6.5
30 Post CH T-3 Forecasting Solve selected textbook problems

31 Pre CH Class Notes Introduction to Bayesian Statistics Read Class Notes

31 During CH Class Notes Introduction to Bayesian Statistics Class Notes
31 Post CH Class Notes Introduction to Bayesian Statistics Solve selected problems

32 Pre CH Class Notes Introduction to Bayesian Statistics Read Class Notes

 32 During CH Class Notes Introduction to Bayesian Statistics Class Notes
32 Post CH Class Notes Introduction to Bayesian Statistics Solve selected problems

Evaluation Scheme:
Legend: EC = Evaluation Component; AN = After Noon Session; FN = Fore Noon Session
No Name Type Duration Weight Day, Date, Session, Time
EC-1 Quiz Online (as 30% TBA
explained
below)
EC-2 Mid-Semester Test Open 2 hours 30%
Saturday, 11/03/2023 (FN)
Book
EC-3 Comprehensive Open 2½ 40%
Saturday, 20/05/2023 (FN)
Exam Book hours

Syllabus for Mid-semester examination (Open Book): Topics in Session Nos. 1 to 16.
Syllabus for End-semester examination (Open Book): All topics in Session Nos. 1 to 32.

The Experiential Learning Task is as follows:

1. Define a business research problem

2. Create different Hypothesis which are planned to be addressed along with one prediction model
3. Develop a Small Questionnaire and get the responses from 75-100 people
4. Perform one or more of the following tasks: Multiple Regression, Logistic Regression, Discriminant Analysis,
Exploratory Factor Analysis, Clustering etc. and give inferences.

Important links and information:

Elearn portal: https://elearn.bits-pilani.ac.in

Students are expected to visit the Elearn portal on a regular basis and stay up to date with the latest
announcements and deadlines.

Contact sessions: Students should attend the online lectures as per the schedule provided on the Elearn portal.

Evaluation Guidelines:
1. EC-1 consists of either two Assignments or three Quizzes. Students will attempt them through the course
pages on the Elearn portal. Announcements will be made on the portal, in a timely manner.
2. For Closed Book tests: No books or reference material of any kind will be permitted.
3. For Open Book exams: Use of books and any printed / written reference material (filed or bound) is
permitted. However, loose sheets of paper will not be allowed. Use of calculators is permitted in all
exams. Laptops/Mobiles of any kind are not allowed. Exchange of any material is not allowed.
4. If a student is unable to appear for the Regular Test/Exam due to genuine exigencies, the student should
follow the procedure to apply for the Make-Up Test/Exam which will be made available on the Elearn
portal. The Make-Up Test/Exam will be conducted only at selected exam centres on the dates to be
announced later.
It shall be the responsibility of the individual student to be regular in maintaining the self study schedule as given
in the course handout, attend the online lectures, and take all the prescribed evaluation components such as
Assignment/Quiz, Mid-Semester Test and Comprehensive Exam according to the evaluation scheme provided in
the handout.