PAM 5693 - Business Statistics

Summer. 1.5 credits. Letter grades only.

Enrollment limited to: EMHA students.

C. van Es.

An introduction to statistical methods. Topics to be covered include the descriptive analysis of data, probability concepts and distributions, estimation and hypothesis testing, regression and correlation analysis. Applications from business, economics, and the biological sciences are used to illustrate the methods covered in the course.

Outcome 1: Explain basic statistical data presentations using averages, standard deviation, t-statistics, and hypothesis tests.

Outcome 2: Explain the issues of endogeneity, correlation and causation when analyzing the relationship between variables.

Outcome 3: Use bi-variate and multivariate regression analysis techniques.

Outcome 4: Use dummy variables and trend variables to analyze seasonal trends and make short-run forecasts.