Business Statistics Program Requirements
The area of inquiry in business statistics combines an advanced program in statistics and a variety of business applications including accounting, economics, finance, marketing, MIS, operations management and real estate. Students are trained to use state-of-the art computer hardware and software. A second area of support is chosen from departments within the college.
Core Requirements (12 courses, 48 hours)
Prerequisites include two semesters of introductory statistics (at the level of IDS 270-371); calculus through partial derivatives and multiple integrals (at the level of MATH 205); and linear algebra (at the level of MATH 205, 310 or 320).
Students accepted into the program without the prerequisites must complete them during the first year.
The quantitative requirements include a course requirement in mathematics, statistics or computing. The student must demonstrate proficiency in basic applied statistical methods by previous course work or by taking the following courses:
- STAT 381: Applied Statistical Methods I
- STAT 481: Applied Statistical Methods II
There is a four course breadth requirement which includes four business core courses, no two of which can be from the same functional area.
Each student must include a basic course in the chosen second field, if not taken previously.
There is a six course depth requirement. Three of the courses provide the basis for the qualifying exam:
- STAT 401: Introduction to Probability
- STAT 411: Statistical Theory
- ECON 534: Econometrics I
As well as any three of the following five courses:
- ECON 535: Econometrics II
- IDS 582/ECON 537: Bus Research & Forecasting I
- IDS 583/ECON 538: Bus Research & Forecasting II
- IDS 577: Research Methodology I
- IDS 578: Research Methodology II
PhD Level Courses and Study
There are 32 hours of course work required in the AOI beyond the core requirements. The course of study is designed by the student and the student's advisor and includes choice of a second field including accounting, economics, entrepreneurship studies, finance, marketing, management, information systems, operations management, real estate or industrial engineering. The 32 hours should be a coherent set of eight (8) courses chosen in conjunction with the student's advisor. Students should choose at least four courses from the chosen second field.
Sample Program and Examinations
