QUANTITATIVE METHODS IN BUSINESS

Learning outcomes:

The course introduces statistical theory and methods to prepare students for the remainder of the econometrics sequence. The emphasis of the course is to understand the basic principles of statistical theory. All methods studied in the course are implemented using SPSS.

After successful attendance of the course the students will be able to:

Use methods for parameter estimation.
Compute confidence intervals.
Perform hypothesis testing.
Use linear regression.

Features

Code : X73
Semester : 7th
Effort : 7.5 ECTS
Hours : 4 per week
Type : Mathematics
Department : Economics
Instructor : Theodore MONOVASSILIS
Exams : Yes

FULL course outline

Course Contents:

1) Random samples and asymptotic methods (laws of large numbers and central limit theorem)

2) Point estimation.

3) Evaluation of estimators (Unbiasedness, sufficiency, consistency, and the Cramer-Rao theorem).

4) Methods of Moments, Maximum Likelihood.

5) Interval estimation.

6) Hypothesis tests.

7) Linear regression analysis (regression in economics, best linear predictor)