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Level 4 Diploma in Accounting and Business

Fundamentals of Business Data

AB404 · Quantitative Methods in a Business Context — Week 1 of 16

CourseAB404
Week1 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Fundamentals of Business Data

  1. Qualitative versus quantitative data
  2. Primary and secondary data sources
  3. Discrete and continuous variables
  4. Data measurement scales
  5. Data Types and their Measurement for Statistical Analysis
  6. Types of Variables - Numerical vs. Categorical - Discrete vs. Continuous - Ordinal vs. Nominal

What you will be able to do

  • 3.1 Compare different types of business and management data.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: compare different types of business and management data.

Study materials

Videos

  • Data Types and their Measurement for Statistical Analysis · YouTube · Mark Saunders on Research Methods · 14 min · for registered students
  • Types of Variables - Numerical vs. Categorical - Discrete vs. Continuous - Ordinal vs. Nominal · YouTube · Medicosis Perfectionalis · 12 min · for registered students
  • Qualitative And Quantitative Data - What Is The Best Research Approach? · YouTube · Dr Hayley Stainton | Tourism Teacher · 9 min · for registered students
  • Primary And Secondary Research Sources | What Is Primary And Secondary Data? · YouTube · Dr Hayley Stainton | Tourism Teacher · 10 min · for registered students

Further resources

  • Introductory Business Statistics 2e, ch. 1: Sampling and Data · PDF · OpenStax, textbook chapter; pp. 17–56 · for registered students
  • Principles of Data Science, 2.1: Overview of Data Collection Methods · PDF · OpenStax, textbook chapter; pp. 58–60 · for registered students
  • Principles of Marketing, ch. 10: Gathering and Using Information: Marketing Research and Market Intelligence · PDF · Saylor Academy, textbook chapter; pp. 305–351 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Fundamentals of Business Data
  • Week 2: Essential Numerical Techniques for Business
  • Week 3: Cost and Pricing Calculations
  • Week 4: Financial Mathematics for Decision Making
  • Week 5: Tabular Data and Chart Construction
  • Week 6: Principles of Graphical Construction
  • Week 7: Plotting and Interpreting Management Graphs
  • Midterm: Midterm evaluation
  • Week 9: Descriptive Statistics for Data Interpretation
  • Week 10: Time Series and Trend Interpretation
  • Week 11: Data Communication and Stakeholder Reporting
  • Week 12: Applying Quantitative Methods in a Business Context in prac…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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