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## Information Session on Second Major in Applied Statistics (APS)

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### Quantitative: statistics and mathematics. Problem solving technique: analysis, organizing and managing projects ... Intermediate Mathematics for Economics ... – PowerPoint PPT presentation

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Title: Information Session on Second Major in Applied Statistics (APS)

1
Information Session on Second Major in Applied
Statistics (APS)
• Prepared by Kwong Koon Shing

2
What does a statistician do?
• collect data
• analyze data
• draw practical conclusion from data
• Examples of a career in statistics
• actuary
• biostatistician
• quality control statistician
• government statistician
• market research statistician
• risk analyst
• university professor

3
Examples of statistics applied on real-life
problems
• Establish the model to predict the impact of H1N1
outbreaks in Singapore (stochastic modeling)
• Determine the Singapore Consumer Price Index
(sampling)
• Estimate the Singapore aging population
(estimation)
• Statistics used in courtroom (hypothesis testing)
• Reduce junk mail using data mining techniques
(decision analysis hypothesis testing)
• Determine the randomness in the Singapore stock
market (time series regression)
• Set up an experiment for testing the safety of a
new toy (experimental design)
• Apply in business process improvement by using
six sigma technique (statistical quality control)
• Assess the credit risk of debtor (risk analysis)
• Discourage gambling (probability theory)

4
What skills are need
• Quantitative statistics and mathematics
• Problem solving technique analysis, organizing
and managing projects
• Communication verbal, written, and teamwork
• Computing use of statistical software and
programming
• Knowledge of other discipline for practical
applications

5
Important changes in the statistics major
• Practice Associate Professor Kwong Koon Shing was
appointed as the chairman of Statistics Committee
in the School of Economics on 22 July 2009
• Second major in Business Statistics is changed to
second major in Applied Statistics (APS)
• The curriculum of the major has been revamped

6
Second major in Applied Statistics (APS)
• Objectives of APS
• to equip students with quantitative skills with a
firm foundation in statistical theory
• to enhance the understanding of how statistics is
applied in real life issues

7
Number of compulsory courses reduced to 2
• Introductory Statistics (STAT101) or Introduction
to Statistical Theory (STAT151)
• Probability Theory and Applications (STAT201)
• (no minimum grade requirement of STAT101 for
taking STAT201)

8
Classify the elective courses into two categories
• Take any three courses in the Methodology
Category
• Survey Methods (STAT204)
• Computational Statistics (STAT205)
• Applied Stochastic Models (STAT306)
• Applied Regression Methods (STAT312)
• Intermediate Mathematics for Economics (ECON205)
• Economic Forecasting (ECON233)
• Other approved courses
• Take any three courses in the Application
Category
• Applied Econometrics (ECON107)
• Intermediate Econometrics (ECON207)
• Financial Econometrics (ECON221)
• Life Contingent Risks (STAT310)
• Risk Theory and Loss Models (STAT311)
• Quantitative Risk Analysis (STAT313)
• Investment and Financial Data Analysis (QF302)
• Marketing Research (MKTG103)
• Other approved courses

9
How the new curriculum affects you
• Students who have declared APS major before the
changes of curriculum should follow the old
curriculum. However, the proposed new list of
electives will still applicable to them
• Students who declare APS major after the launch
of new curriculum should follow the new curriculum

10
Time frame to phase in the new courses
• Term 1, 2009/2010
• Applied Regression Methods (STAT312)
• Economic Forecasting (ECON233)
• Term 2, 2009/2010 (subject to change and depend
on demand)
• Applied Stochastic Models (STAT306)
• 2010/2011 (subject to change and depend on the
demand)
• Economic Forecasting (ECON233)
• Quantitative Risk Analysis (STAT313)
• Applied Regression Methods (STAT312) or/and
Computational Statistics (STAT205) or/and Survey
Methods (STAT204)

11
New APS website and flyers
• Updated information of curriculum is now
available in the new APS major website
• New statistics major flyers are distributed on
campus to promote and introduce the new
curriculum

12
The End
• Thanks