STATISTICS IN BUSSINESS (96h)
Responsible lecturer: Jerzy Dzieża, PhD**

Lectures: 48 hours; laboratory: 48 hours;

Lecture topics
1. Descriptive Statistics and Statistical Inference (lectures: 12 hours; laboratory: 12 hours)
Basic statistics, graphical visualization of basic measures
Random variables and their distributions
Estimation theory: estimators for basic statistics, confidence intervals
Statistical hypothesis testing for sample mean and variance
Nonparametric tests: Pearson test Kolmogorov-Smirnov test, chi-square test

2. Linear regression and ANOVA (lectures: 24 hours; laboratory: 24 hours)
Simple linear regression model
Least squares method
Diagnostics: residuals, influential observations, non-constant variance, non-linearity
Transformation of response and predictors
Multiple regression
Variable selection
Analysis of covariance
One-way ANOVA
Two-way ANOVA
Blocking designs

3. Time Series Analysis (lectures: 12 hours; laboratory: 12 hours)
Additive and multiplicative model
Holt model, Holt-Winters model
ARIMA models
Seasonal ARIMA models

**Jerzy Dzieża, PhD
Director of postgraduate studies in Financial Mathematics and Senior Lecturer at Applied Mathematics Department, AGH University of Science and Technology, Kraków, Poland. He published many papers and prepared teaching lectures on Fixed Income Securities, Derivative Securities, Real Options and Risk Management.
Since 1998 till 2005 he was a Scientific Editor of first Polish journal on derivatives ‘Rynek terminowy’ (Futures Market). He cooperated with Polish Stock Exchange (portfolio hedging project) and Polish Energy Exchange (risk management project) and few Polish companies on risk management projects.