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MGMT6008 - Advanced Statistics

Lecturer: Surendra Arjoon

Lecturer under Supervision: Meena Rambocas
Address: Department of Management Studies

Course Description

Many real-life applications of statistics involve the study of a large number of variables.
The analysis of the resulting data sets deal with the relationships among these variables,
evaluation of the effect of some variables on others, reduction of the dimensionality of
the data sets by weeding out extraneous information, etc. This course will survey several
advanced statistical methods useful in a variety of business contexts. The use of a model-
building paradigm would be used as the organizational framework for each technique.
Particularly important is understanding the assumptions and limitations of the techniques
and how these might be used outside the classroom environment.

Course Objectives

The primary objective of the course is an applications-oriented introduction to

multivariate analysis for the non-statistician or business student. The course avoids a
rigorous mathematical treatment of the subject and reliance on statistical notation.
Instead, the emphasis will be on geometrical and intuitive understanding of various
models and their applications, identifying the fundamental concepts that affect the use of
multivariate techniques, and express them in simple terms.

Required Text:

Multivariate Data Analysis, 7th Edition, J. Hair, W. Black, B. Babin and R. Anderson,
Prentice Hall, 2010

Lectures and Evaluation

Much of the information transfer will be achieved through textual materials. Lectures are
mainly for motivation, clarification, and demonstration of concepts and interactive
discussion, rather than detailed reiteration of the notes. You will be presumed to have
spent enough time on the reading assignment before class to either understand the basics
presented in the text or have questions on them. Many of the techniques are studied in the
context of real-life situations and cases. The use of computers to aid in solving problems
is an integral part of the course.

The course will be assessed as follows:

In-class Evaluation 20%

Group Assignment 20%
Final Exam 60%
Total 100%

In-class Evaluation

There will be 10 evaluations (multiple choice) each worth 2%. Evaluations will be based on
each chapter discussed in class.
Evaluation#1: Chapter 2
Evaluation#2: Chapter 4
Evaluation#3: Chapter 3
Evaluation#4: Chapter 5
Evaluation#5: Chapter 6
Evaluation#6: Chapter 7
Evaluation#7: Chapter 9
Evaluation#8: Chapter 12
Evaluation#9: Chapter 13
Evaluation#10: Chapter 14

Group Assignment

The assignment is intended to expose students to the application of Multivariate techniques

in research. Each group will comprise of 3 students. Details of this assignment will be
discussed in class.

Schedule of Topics

1. Chapter 1:
Overview of Multivariate Methods
2. Chapter 2
Examining your Data
3. Chapter 4:
Multiple Regression Analysis
4. Chapter 3:
Factor Analysis
5. Chapter 5:
Multiple Discriminant Analysis
6. Chapter 6:
Logistic Regression: Regression with a binary dependent variable
7. Chapter 7:
Multiple Analysis of Variance (MANOVA)
8. Chapter 9:
Cluster Analysis
9. Chapter 12:
Structural Equation Modeling Overview
10. Chapter 13:
Confirmatory Factor Analysis
11. Chapter 14:
Testing Structural Equations Models

General Comment

In graduate school, you will not necessarily always understand the material during the
lecture. Look over your notes after class and try to understand every line. You also need
to study the text. If you still cannot understand, use the resources at your disposal
including your colleagues and instructor. You do not want to fall behind.

Secrets for Good Performance

• Do the assigned readings and questions before you come to class

• Attend all classes
• Make an effort to pay conscientious attention in class
• Be punctual
• If you have any difficulties, do not complain but solicit help from your colleagues or
come to my office

Some Useful References

A Guide to Understanding Statistics, Surendra Arjoon, UWI/Institute of Business,


Applied Multivariate Statistics for the Social Scientists, 3rd ed., James Stevens, LEA
Publishers, 1996.

Applied Multivariate Methods for Data Analysis, Dallas Johnson, Duxbury Press,
ITP, 1998.

Using Multivariate Statistics, 2nd edition, B. Tabachnick and L. Fidell, Harper Collins,

Computer-Aided Multivariate Analysis, 2nd edition, A. Afifi and V. Clark, Van

Nostrund Reinhold, 1990.

Applied Multivariate Statistical Analysis, 4th edition, R. Johnson and D. Wichern,

Prentice Hall, 1998.

Applied Regression Analysis and other Multivariable Methods, Kleinbaum et al,

Duxbury, 1988.

Applied Multivariate Data Analysis, 2nd Edition, B Everitt and G dunn, Arnold,
London, 2001

Reading and Understanding Mor Multivariate Statistics, L Grimm and P Yarnold,

eds, American Psychological Association, Washington, DC, 2002

SPSS for Windows Workbook to accompany Using Multivariate Statistics, 4th

edition, s Osterlind and B Tabachnick, Allyn and Bacon, 2001

Using Multivariat Statistics, 4th edition, B Tabachnick and L Fidell, Allyn and Bacon,

Applied Multivariate Analysis, N Timm, Springer, 2002

January 2011