Statistical analysis is a necessary and powerful tool for many business decisions.
This course is designed to apply the tools and methodologies used in the business world, including the world of economic consultancy. The course begins by introducing a tool kit of some advanced statistical tools, which are then applied to three specific areas. The first area of application is demand analysis. Here the data will be chosen from housing, electric or natural gas utilities, health care, appliances, and automobiles. The second area of application concerns the comparison of groups of consumers, firms, or industries.