Assessment Requirements for AMPMGT809 Analyse data for business decision making

Release: 1

Assessment Requirements for AMPMGT809 Analyse data for business decision making

Modification History

Release	TP Version	Comment
1	AMPv1.0	Initial release

Performance Evidence

Candidates must complete workplace-relevant activities which involve assembling or obtaining raw data, processing it, and analysing and interpreting it in a way that enables sound decision-making. Evidence must demonstrate the candidate’s consistency of performance over time.

Candidates must demonstrate ability to:

analyse and interpret data

identify sources of data, collect data, follow analysis procedures and explain results

apply decision making skills

negotiate effectively

collect data and produce reports

use problem-solving, initiative and enterprise skills to produce information relevant to business decision making

use research skills to identify and collect data

manage risk

differentiate between different types of data

differentiate between inferential and descriptive statistics

apply linear regression and correlation analysis techniques

provide advice for business decision making based on the results of statistical analysis

Knowledge Evidence

Candidates must demonstrate specialised and integrated technical and theoretical knowledge of:

relevant legislation, codes of practice and standards

use of statistical data for business decision making

methods of data presentation

methods of describing data

risk and uncertainty

interval estimation

hypothesis testing

comparing group differences

simple linear regression and correlation

multiple regression

time-series analysis

the strengths and limitations of results produced by each statistical technique (error correction and hypothesis testing)

Assessment Conditions

Competency must be demonstrated through sustained performance over time, at an appropriate level of responsibility and under typical operating and production conditions for the enterprise.

Assessment must ensure:

competence is consistently demonstrated over time, and over a range and variety of complex tasks/projects and situations

access to resources normally used in the workplace including organisational policies and procedures, relevant legislation

Assessors must satisfy current standards for RTOs.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=5e2e56b7-698f-4822-84bb-25adbb8443a7