Statistics: Business Analytics
Course · 7.5 credits
Every day our world is filled with new data, with every data input adding new information to the preceding ones. Companies are collecting huge databases that record our preferences, a process made possible through the use of statistical learning. In this course we will explore challenges dealing with Big Data and learn about several statistical methods that are commonly used to investigate business-related problems.
Analytics refers to our ability to collect and use data to generate insights for fact-based decision-making. The course is designed for students with a basic knowledge of statistics, and the content of the course will be of practical nature. It covers methods for data mining and business analytics and their usage in making strategic business decisions. It will concentrate on the modeling aspects of data mining and will provide you with a set of tools for better understanding key methods of, for example, data exploration, visualization, classification, prediction, and clustering. The course starts with data visualization and getting to know features hidden in the data. Over time we will gain familiarity with traditional regression models and hypothesis testing and practice using them with real data.
This introduction to traditional approaches will then lead to the discussion of more advanced methods such as, discriminant analysis, classification and clustering methods, which are useful in finding patterns hidden in the data. During the course, we deal with various types of data such as, categorical data, time series, text data, and network data, among others. The fundamentals of building suitable models are discussed. Calculations are carried out using the statistical package R.
More information can be found at http://www.stat.lu.se/en/education/courses/stae03_business_analytics
Closed for applicationsApplication opportunities
Department of Statistics
Tycho Brahes väg 1, 223 63 Lund
Box 7080, 220 07 Lund
+46 46 222 89 21
+46 46 222 89 06
pierre [dot] carbonnier [at] stat [dot] lu [dot] se
Requirements and selection
General and Statistics: Basic course 1 or equivalent
Seats are allocated according to: The general average (GPA) of your higher secondary school leaving certificate: 34 %, The Swedish national university aptitude test: 34 %, Previous college/university studies (APGR): 32 %.
English language requirements
Most of Lund University’s programmes require English Level 6 (unless otherwise stated under 'Entry requirements'). This is the equivalent of an overall IELTS score of 6.5 or a TOEFL score of 90. There are several ways to prove your English language proficiency – check which proof is accepted at the University Admissions in Sweden website. All students must prove they meet English language requirements by the deadline, in order to be considered for admission.
How to apply
Lund University uses a national application system run by University Admissions in Sweden. It is only possible to apply during the application periods.
Step 1: Apply online
- Check that you meet the entry requirements of the programme or course you are interested in (refer to the section above on this webpage).
- Start your application – go to www.universityadmissions.se where you create an account and select programmes/courses, during the application period.
- Rank your programme/course choices in order of preference and submit them before the application deadline.
Step 2: Submit documents
- Read about how to document your eligibility and how to submit your documents at www.universityadmissions.se. Follow any country-specific document rules for Master's studies or Bachelor's studies.
- Get all your documents ready: official transcripts and high school diploma (Bachelor's applicants), official transcripts and degree certificate or proof of expected graduation (Master's applicants), passport/ID and proof of English proficiency (all applicants).
- Prepare programme-specific documents if stated in the adjacent column on this webpage.
- Upload or send all required documents to University Admissions before the document deadline.
- Pay the application fee (if applicable – refer to the section below on this webpage) before the document deadline.
*Note that the process is different if you are applying as an exchange student or as a part of a cooperation programme (such as Erasmus +).
*If you have studied your entire Bachelor's programme in Sweden and all of your academic credits are in Ladok, you do not have to submit transcripts or your diploma when applying for a Master's programme. However, there may still be other documents you need to submit! See the link below.
*Svensk student? Läs instruktionerna om att söka till ett internationellt masterprogram på lu.se.
Full programme/course tuition fee: SEK 12 500
First payment: SEK 12 500
Citizens of a country outside of the European Union (EU), the European Economic Area (EEA) and Switzerland are required to pay tuition fees. You pay one instalment of the tuition fee in advance of each semester.
EU/EEA citizens and Switzerland
There are no tuition fees for citizens of the European Union (EU), the European Economic Area (EEA) and Switzerland.
If you are required to pay tuition fees, you are generally also required to pay an application fee of SEK 900 (approximately EUR 100) when you apply at www.universityadmissions.se. You pay one application fee regardless of how many programmes or courses you apply to.
Read more about paying the University Admissions in Sweden application fee and exemptions on the University Admissions website.
*Note that there are no tuition or application fees for exchange students or PhD students, regardless of their nationality.
Scholarships & funding
Lund University Global Scholarship programme
The Lund University Global Scholarship programme is a merit-based and selective scholarship targeted at top academic students from countries outside the EU/EEA.
Swedish Institute Scholarships
The Swedish Institute offers scholarships to international students applying for studies in Sweden at Bachelor's, Master's, PhD and post-doctoral levels.
Country-specific scholarships and funding options
Lund University has agreements with scholarship organisations and funding bodies in different countries, which may allow applicants to apply for funding or scholarships in their home countries for their studies at Lund University.
- Scholarships/funding for students from Brazil, Indonesia, Mexico, Colombia, Russia and Chile
- US student finance
- Canada student finance