# ECON 2331: Economic and Business Statistics 2

Students examine advanced statistical techniques and methods and their applications in business and economics. Topics include review of hypothesis tests; inferences about population variances; comparing multiple proportions for three or more populations and tests of independence; analysis of variance and experimental design; simple and multiple regressions; and time series analysis and forecasting. Students are required to apply statistical techniques using Excel® and/or XLSTAT®.

## Learning outcomes

• Demonstrate how to test hypotheses, including nonparametric methods.
• Test for the equality of three or more population proportions.
• Conduct analysis of variance under various experimental designs
• Estimate simple and multiple regression models and interpret the results.
• Use time series analysis and forecasting models to make accurate forecasts.
• Apply statistical techniques to various fields such as marketing, supply chain management, finance, accounting, and economics using real-world data.
• Demonstrate the ability to use Excel® and XLSTAT® in estimating applied statistical procedures, methods, and models.

## Course topics

Module 1: Review of Hypothesis Testing and Statistical Inferences

Module 2: Inference about Population Variances

Module 3: Comparing Multiple Proportions for Three or More Populations and Test of Independence

Module 4: Analysis of Variance and Experimental Designs

Module 5: Simple and Multiple Regression

Module 6: Time Series Analysis and Forecasting

## Required text and materials

Students will need to source the following on their own:

1. Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2014). Statistics for business and economics (with XLSTAT Education Edition Printed Access Card) (13th ed.). Mason, OH: South-Western (Cengage Learning).
Type: Textbook. ISBN-13: 9781305585317

Students will need to purchase the e-textbook and XLSTAT access card separately from the following links:
and
https://tru-store.vitalsource.com/products/xlstat-education-edition-for-anderson-david-r-sweeney-v9781337390422?term=978-1-337-39042-2