ECON 26000 - Data Visualization And Inference

1. Describe and analyze statistical data in an economics context.
2. Build probability models of continuous and discrete random variables to analyze economic and business situations.
3. Estimate the value of an unknown population parameter and assess the reliability of the estimate using confidence intervals as well as hypothesis testing.
4. Identify the advantages as well as the limitations of statistics in the process of making real-world business and economic decisions.
5. Use STATA to compute probability models and interpret the results of the statistical analysis to draw conclusions from economic and business data.

Learning Outcomes
1. Develop a working knowledge of data production and interpretation in an economics context. 2. Illustrate the fundamental interconnectedness of economics and data. 3. Introduce the basic concepts in statistics needed for further study of econometrics.

Credits: 3.00

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ECON 26000 - Data Visualization And Inference