Students

ACST8040 – Quantitative Research Methods

2020 – Session 1, Weekday attendance, North Ryde

Coronavirus (COVID-19) Update

Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Xian Zhou
Katie West
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MActPrac and (STAT810 or STAT8310 or STAT806)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit focuses on statistical approaches for research in Business and Economics and related disciplines. Topics include a range of probability and statistical models, their theoretical basis, the assessment and evaluation of the models, and methods of statistical inference for data analysis. The unit will also consider applications of the above models and techniques to the actuarial practice discipline.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO2: Critique, replicate and extend basic actuarial research using statistical models.
  • ULO1: Understand the theoretical basis of a range of statistical models used in actuarial research and the practice of modelling and inference using statistical models.
  • ULO3: Ask questions and communicate problems relating to statistical models, and to explain and discuss ideas relating to implementation of statistical models.
  • ULO4: Explain how a variety of statistical models are used in actuarial research and how empirical results are communicated in practice.
  • ULO5: Use statistical software R to solve actuarial problems.

Assessment Tasks

Coronavirus (COVID-19) Update

Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Assessment Information

Final examination:

  • There is no final examination for this unit.

Assessment marks:

  • It is the responsibility of students to view their marks for each within session assessment on iLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment marks (not including the final exam mark) will not be addressed.

Extensions and penalties on within session assessment tasks:

  • Tasks 10% or less – No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
  • Tasks above 10% - No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for special consideration is made and approved. No submission will be accepted after solutions have been posted.

Delivery and Resources

Coronavirus (COVID-19) Update

Any references to on-campus delivery below may no longer be relevant due to COVID-19.

Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

Classes

  • This unit is taught through 3 hours of lectures and/or tutorials per week.
  • The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/

Technology Used and required:

  • You will need access to the internet to obtain course information and download teaching materials from the unit website.
  • It is your responsibility to check the unit website regularly to make sure that you are up-to-date with the information for the unit.
  • Statistical software R will be used to calculate numerical results from time to time.

Required unit materials and/or recommended readings:

  • Lecture Notes are the required materials and will be posted on the website before the lectures.
  • Relevant references will be provided in Lecture Notes as recommended materials.  Some of them will be posted on the website.

Unit Schedule

Coronavirus (COVID-19) Update

The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

Week 1: Nonparametric statistical methods; background knowledge

Week 2: One-sample location problem

Week 3: Estimation of location parameters; Two-sample location problem

Week 4: Two-sample dispersion and other problems

Week 5: One-way layout

Week 6: One-way layout; Assignment 1

Week 7: Two-way layout

Week 8: Two-way layout; Assignment 2

Week 9: Independence problem

Week 10: Independence problem; regression problem

Week 11: Nonparametric inference for regression problem

Week 12: Bootstrap estimation

Week 13: Revision; Assignment 3

Note: This is only a tentative schedule. The actual schedule will be adjusted from time to time in accordance with the progress of lectures.

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct​

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.