ECON 7710:Statistics for Business Analysis

3 Class Hours 0 Laboratory Hours 3 Credit Hours
The ability to quickly and accurately understand, present and interpret data is an essential business skill. This course introduces fundamental statistical methods that are relevant in business analysis. It discusses methods to collect, analyze, model, interpret and present business data. Topics include statistical summary methods, finding linear and nonlinear associations between variables, statistical test, linear regression, analysis of variance, time series forecasting, etc. Data analysis requires the use of an effective tool. R is a free and open source software for statistical data analysis and graphics, and it can run on a variety of platforms. This course teaches students the basics in using R for data analysis.