Statistics Paper

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statistical method that will solve a business or management problem.Term Paper Guideline
STAT 500, Summer, 2011

Due Date: September 18, 2011
Length: Less than 1500 words
Format: Cleanly typed

Students are required to write an article describing a statistical method that will solve a business or management problem; or an creative approach that mainly rely on statistical methods that would advance the current practice. The statistical method involved may or may not relate to statistical concepts or methods covered in the course. Students are encouraged to conduct their own literature research. Information collected from books, magazines or newspapers are acceptable, including any of those found in UNVA’s eLibrary. Students could invent their own practical and feasible solutions to some real issues they experience in their work, though not required. The article should describe well the background of the problem and each of the steps in solving the problem. The length of the article should be within 1500 words; visual aids, such as tables, charts, graphs should be included where necessary. Some business statistics applications example include
• Select profitable stocks
• Detect fraudulent claims
• Score an applicant’s credit
• Discover cross-selling opportunities for products
• Quantify drug efficacy
• Forecast new product sales
• Discover new customers
• Recognize objects in images
• Verify identity through biometrics; and
• Anticipate shifts in market sectors for hedge funds
• Set individual health insurance premiums
• Evaluate effectiveness of a government program
• Improve human capital management through predictive analytics etc. Students are encouraged to explore others and consult with the faculty before start writing if necessary.
The quality of the term paper will be graded based on the degree the following requirements are met
1.

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