This course builds on BA164 and BA265. It strengthens students’ knowledge of Basic statistics. It goes onto the build models, which will be applied in due course in Econometrics I and Econometrics II.
Introduction to data analysis and model building, plotting process data, plotting distributions, summarizing continuous data, describing categorical variables, relating continuous variables;Simple elements of modelling, straight line models, normal distributions, control charts for continuous variables, binomial distribution and control charts for binary variables; Data collection and inferences: fundamental concepts of surveying, survey designs,interpreting results of survey, significance tests, confidence intervals, completely randomized experimental designs and analysis of variance; Modelling and inference in regression models, regression diagnostics and transformation, regression model selection, time series data and analysis.
Aczel, Amir D, Sounderpandian, Jayavel, Complete business statistics, McGraw-Hill, Boston, USA, 2009.
Mann, PremS.,Introductory statistics, John Wiley & Sons, Hoboken, USA, 2013.
Three tests 30%
One assignment 20%
Written examination 50% (1×3 hours)
Phone: +675 473 4999
Fax: +675 475 7776