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ECON 2331: Economic and Business Statistics 2
Students examine advanced statistical techniques and methods and their applications in business and economics. Topics include review of hypothesis tests; inferences about population variances; comparing multiple proportions for three or more populations and tests of independence; analysis of variance and experimental design; simple and multiple regressions; and time series analysis and forecasting. Students are required to apply statistical techniques using Excel® and/or XLSTAT®.
Learning outcomes
- Demonstrate how to test hypotheses, including nonparametric methods.
- Test for the equality of three or more population proportions.
- Conduct analysis of variance under various experimental designs
- Estimate simple and multiple regression models and interpret the results.
- Use time series analysis and forecasting models to make accurate forecasts.
- Apply statistical techniques to various fields such as marketing, supply chain management, finance, accounting, and economics using real-world data.
- Demonstrate the ability to use Excel® and XLSTAT® in estimating applied statistical procedures, methods, and models.
Course topics
Module 1: Review of Hypothesis Testing and Statistical Inferences
Module 2: Inference about Population Variances
Module 3: Comparing Multiple Proportions for Three or More Populations and Test of Independence
Module 4: Analysis of Variance and Experimental Designs
Module 5: Simple and Multiple Regression
Module 6: Time Series Analysis and Forecasting
Required text and materials
Students will need to source the following on their own:
-
Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2014). Statistics for business and economics (with XLSTAT Education Edition Printed Access Card) (13th ed.). Mason, OH: South-Western (Cengage Learning).
Type: Textbook. ISBN-13: 9781305585317
Students will need to purchase the e-textbook and XLSTAT access card separately from the following links:
https://tru-store.vitalsource.com/products/statistics-for-business-amp-economics-david-r-anderson-v9781305856790?term=9781305585317
and
https://tru-store.vitalsource.com/products/xlstat-education-edition-for-anderson-david-r-sweeney-v9781337390422?term=978-1-337-39042-2
Assessments
Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact [email protected] with any questions about this.
To successfully complete this course, students must obtain at least 50% on the final mandatory examination and 50% overall.
| Assignment 1 | 5% |
| Assignment 2 | 5% |
| Assignment 3 | 5% |
| Assignment 4 | 5% |
| Assignment 5 | 15% |
| Quiz 1 | 5% |
| Quiz 2 | 5% |
| Quiz 3 | 5% |
| Final Examination (mandatory) | 50% |
| Total | 100% |