The two-quarter sequence provides the necessary probability and statistical background for many of the advanced courses in the GSB curriculum. The central topic of Business 421 is probability. Basic concepts in probability are covered. The emphasis of this course examines the policy contexts in which statistical methods should be used to guide better and more informed decision making. It is worth noting that the primary focus of this course is on the discussion of policy issues rather than on the mathematical intricacies of the statistical concepts.
Forecasting plays an important role in business planning and decision making.
This course discusses a class of linear time-series models that have been widely applied to data in business and economics for forecasting. Both the statistical theory and methods of model building, as well as application to real-world problems, will be presented. Prerequisites are Econ 202-203, Econ 210, and consent of Instructor. A continuation of Public Policy 310, this course focuses on the statistical concepts and tools used to study the association between variables. This course will introduce students to regression analysis and explore its uses in policy analysis.