This subject introduces students to a variety of statistical techniques and quantitative methods used in business. Knowledge gained in this subject provides a solid foundation for future study in the field of business statistics and econometrics. The emphasis is on the application of quantitative and statistical methods to solve practical business problems. Students are also introduced to relevant software for statistical data analysis. Upon successful completion of this subject, students should be able to identify and apply suitable statistical methodologies for describing data and making inferences from those data.