The complexities of international transport and global maritime supply chains and the formulation of related policies often require analysis and decision making through advanced modeling and related tools. Applications of statistical methods and tools need to be emphasized in order for the managers to solve real business problems. It is also vital to be able to identify the correct statistical technique by focusing on the problem objective and data type. “Statistics and Econometrics” is one of the courses with which MEL students are trained in necessary quantitative skills to address maritime related problems.
The objectives of this course are to enhance the students’ comprehension and practical skills by using data-driven examples, exercises and cases that cover the various functional areas of maritime business. In addition, this course aims to prepare a common platform and refresh the students’ knowledge and tools that are necessary for the Core Courses.
NB: The new MEL programme structure will be introduced in the academic year 2012-2013. This means that the names of some of the courses will change and that most courses will be split into a number of smaller modules. MEL Management is currently working on the new programme and will post updates as soon as information becomes available.