24911 Multivariate Data Analysis

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Subject handbook information prior to 2024 is available in the Archives.

UTS: Business: Marketing
Credit points: 6 cp

Subject level:

Postgraduate

Result type: Grade and marks

There are course requisites for this subject. See access conditions.

Description

This subject provides students with a systemic and critical understanding of multivariate data analysis and marketing models, with special attention to the underlying theory and assumptions of the models used. Data analysis techniques such as multiple regression models, endogeneity and instrumental variable estimation, multivariate analysis of variance, linear mixed models, factor analysis, structural equation modelling, meta-analysis, multi-level modelling, and choice modelling are discussed. Through hands-on practical sessions, participants develop specialised research skills that enable them to carry out their own academic research in the field of marketing.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:

1.	Critically reflect on the applicability of various data analysis techniques and marketing models in specific contexts.
2.	Evaluate and adapt different statistical techniques to specific applications.
3.	Develop and implement different research methods using current statistical computational software.

Contribution to the development of graduate attributes

This subject is designed not only to expose students to foundational literature on consumer research but also to support the development of academic research skills. It is based on a hands-on approach whereby students critically analyse existing research, participate in in-class research discussions with instructor and other students, and create research ideas with potential to significantly contribute to the literature. Hence, this subject contributes to the development of the following graduate attributes:

Business knowledge and concepts
Critical thinking, creativity and analytical skills
Communication and interpersonal skills

Teaching and learning strategies

The subject is based on collaborative learning activities that include lectures, in-class discussions, and applied computer exercises. The lectures will explain the different statistical tools, discussing how, when and why they may be used and explore the underlying theories of the statistical tools. Between lectures, students are expected to examine how the various data analysis techniques and marketing models they have learned about are applied and reported in academic articles to understand these requirements for their own research. The computer exercises take place in a workshop environment and allow the students an opportunity to apply the techniques to relevant data sets. This helps to uncover various misunderstandings from the other components and develops the practical skills necessary to undertake analysis in their own research.

This subject is constructed so as to challenge the students and encourage them to develop independent thinking. Students will be given plenty of opportunities to collaborate on various activities during the sessions, particularly when undertaking computer exercises and during in-class discussions. These collaborative learning activities provide students with repeated opportunities for them to practice their data analysis skills to solidify their understanding and boost their confidence to apply these skills to their own research.

Students are expected to prepare for class by reading the assigned literature or by attempting assigned computer exercises prior to class so that the instructor can facilitate in-class discussions and other collaborative learning activities. Formative feedback is given continually both in class and outside class time.

The learning management system will be used to share information (including additional readings and assignments) and encourage interaction between staff and students. Students will also use appropriate computer software to complete assigned tasks.

Content (topics)

Overview of data analysis and marketing models
Multiple regression models
Endogeneity and instrumental variable estimation
Multivariate analysis of variance and tests for mediation / moderation
Linear mixed models and multi-level modelling
Factor analysis and structural equation modelling
Meta-analysis
Choice modelling

Assessment

Assessment task 1: Four computer exercises (20% each)

Objective(s):	This addresses subject learning objective(s): 1, 2 and 3
Groupwork:	Individual
Weight:	80%
Criteria:	Demonstrate ability to develop, adapt and implement research methodologies to solve complex problems Demonstrate expert knowledge to develop the rational of research with potential to contribute to the literature and propose research methodologies to address the research questions Demonstrate ability to generate original knowledge

Assessment task 2: Journal article critique

Intent:	The assignment of journal article critique allows students to critically evaluate existing academic literature and identify research gaps that warrant further inquiry.
Objective(s):	This addresses subject learning objective(s): 1 and 2
Groupwork:	Individual
Weight:	20%
Criteria:	Demonstrate expert skills to independently and systematically engage in critical reflection Demonstrate ability to disseminate and promote new insights to peers and the community

Minimum requirements

In order to pass the subject students must achieve a pass mark (>=50%) on all components.