Statistical Methods II

Teaching results

After successful completion of this class, students will be able to analyze relationship between 2 statistical variables by means of simple linear regression, correlation analysis and categorical data analysis. Moreover, students will be able to do analyses of economic indicators based on time series analysis and index numbers.

In particular, students will acquire the following abilities:
− Students will acquire knowledge about the terms, principles and methods used in the mentioned areas of statistics.
Students will acquire in particular the following skills:
− Students will be able to perform calculations for the relevant statistical procedures (simple linear regression analysis, correlation analysis, analysis of contingency table, time series analysis, index numbers), both by their own calculations as well as with the use of a statistical software (e.g. Statgraphics, SAS).
− Students will learn to adequately interpret the results.
Students will acquire the following competencies:
− Students will be able to use the above stated knowledge and skills in solving practical tasks from economic practice.