Econometrics For the requirements for the BCA, Grad DipCom, and other qualifications, refer to the Statute for the relevant qualification in Section C of this Calendar. An introduction to the use of statistical methods in business practice and research. The paper briefly reviews key statistical topics and gives a detailed discussion of the simple regression model. From there, the extensive treatment of multiple regression models follows naturally. Case studies are conducted every week, using econometric computer software.
Computer software is used to illustrate all aspects of the paper.
The paper will focus on important classic and contemporary applications of econometrics and the empirical application of econometric techniques. Applications may include the capital asset pricing model, the measurement of quality change, the determinants of wages, and models for investment expenditures. Valuation of regular and variable annuities. Valuation of loans, Makeham s formula. Consumer credit, rule of 78.