Methods of Statistical Comparison

Teachers

Included in study programs

Teaching results

At the end of the semester, students will have an overview of statistical methodical tools used to analyse of economic phenomena, more specifically:
In particular, students acquire the following abilities:
- After completing the course, students will be able to apply appropriate statistical methods in the analysis of economic phenomena.
Students acquire in particular the following skills:
- Students will be able to measure, evaluate and analyse economic phenomena. They will be able to use appropriate statistical methodological tools.
Students will acquire the following competencies:
- Students will be able to apply appropriate statistical methods in their own analytical work and mate appropriate decisions based on this.

Indicative content

The course provides knowledge of individual methodological tools suitable for statistical analysis.

Support literature

PAŽITNÁ, M. – LABUDOVÁ, V.: Metódy štatistického porovnávania. Bratislava: Vydavateľstvo EKONÓM, 2007.
FEDERICO, D. – PERROTTI, D. E. – GOLDSZIER, P.: Index numbers and their relationship with the economy. ECLAC, 2020.
JEFF, R. – O'NEILL, R. – WINTON. J.: A practical introduction to index numbers. John Wiley & Sons, 2015.
DIEWERT, W. ERWIN.: Cost of living indexes and exact index numbers. Emerald Group Publishing Limited, 2009.
PRASADA, RAO, D.S. – SELVANATHAN, E.A.: Index Numbers A Stochastic Aporoach. Palgrave Macmillan UK, 1994.
BAKYTOVÁ, H.: Teória štatistiky. Bratislava: Edičné stredisko, 1990.
CYHELSKÝ, L.: Teorie statistiky I. Praha: SNTL, 1990.
ALLEN, R. G. D.: Index Numbers in Theory and Practice. Springer, 1982.
Literature will be continuously updated with the latest scientific and professional titles.

Syllabus

1. Introduction to the theory of comparison and index method – types of compared values and their comparability, comparison by difference and ratio, base of comparison, development of index numbers method. 2. Classification of index numbers and request put on them, characteristics of index numbers. 3. Borktiewicz´s destruction. 4. Individual index numbers – their types and absolute differences. 5. Cumulative index numbers – their types and absolute differences. 6. Comparison of compound phenomena – comparison of products of two factors (decompositions of their indices and absolute differences) 7. Comparison of compound phenomena – comparison of sums of products of two factors (decompositions of their indices and absolute differences) 8. Price index numbers in economic praxis – consumer price indices and cost of living indices, detection of consumer prices. 9. Utilize of price index numbers – measurement of inflation, statistical deflation, price coefficients of elasticity. 10. International comparison – select of countries, comparison of data, international comparison of gross domestic product, international statistical organs and their publications. 11. Methods of multidimensional comparison – determining the type of variables, methods of creating a synthetic variable (order method, scoring method, method of standardised variable, method of distance from the fictitious object). 12. Directions and concepts in index theory – basic forms of classical price indices. 13. Directions and concepts in index theory – directions of modern index theory (asymmetric forms of price index numbers, regression, functional approach, Stuvel´s, Divisi´s index).

Requirements to complete the course

30% assignment
70% final paper (30% theoretical part, 40% practical – examples solution)

Student workload

Total study load (in hours): 130 hours
Distribution of study load
Lectures participation: 26 hours
Seminar participation: 26 hours
Preparation for seminars: 13 hours
Preparation for written assignment: 13 hours
Final paper preparation: 52 hours

Language whose command is required to complete the course

Slovak

Date of approval: 10.02.2023

Date of the latest change: 30.01.2022