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Thompson Rivers University
Thompson Rivers University

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:


Please be aware that should your course have a final exam, you are responsible for the fee to the online proctoring service, ProctorU, or to the in-person approved Testing Centre. Please contact with any questions about this.

To successfully complete this course, students must obtain at least 50% on the final mandatory examination and 50% overall.

Assignment 1 5%
Assignment 2 5%
Assignment 3 5%
Assignment 4 5%
Assignment 5 15%
Quiz 1 5%
Quiz 2 5%
Quiz 3 5%
Final Examination (mandatory) 50%
Total 100%

Open Learning Faculty Member Information

An Open Learning Faculty Member is available to assist students. Students will receive the necessary contact information at the start of the course.

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