Applied Statistics for Economics and Business, 2nd Edition

Authors: Durmuş Özdemir



Introduces the reader to practical statistical issues by presenting them within the context of real life economics and business situations

Covers index numbers and inequality indices extensively

Provides relevant data required to complete the accompanying exercises

This textbook introduces readers to practical statistical issues by presenting them within the context of real-life economics and business situations. It presents the subject in a non-threatening manner, with an emphasis on concise, easily understandable explanations. It has been designed to be accessible and student-friendly and, as an added learning feature, provides all the relevant data required to complete the accompanying exercises and computing problems, which are presented at the end of each chapter. It also discusses index numbers and inequality indices in detail, since these are of particular importance to students and commonly omitted in textbooks.

Throughout the text it is assumed that the student has no prior knowledge of statistics. It is aimed primarily at business and economics undergraduates, providing them with the basic statistical skills necessary for further study of their subject. However, students of other disciplines will also find it relevant.

Table of contents (15 chapters)

Front Matter
Pages i-xxi

Collecting Data
Pages 1-13

Data Presentation: Graphs, Frequency Tables and Histograms
Pages 15-33

Measures of Location
Pages 35-49

Measures of Dispersion
Pages 51-72

Index Numbers
Pages 73-91

Inequality Indices
Pages 93-108

Probability
Pages 109-122

Probability Distributions
Pages 123-141

Estimation and Confidence Intervals
Pages 143-153

Hypothesis Testing
Pages 155-167

The Chi-Squared, F-Distribution and the Analysis of Variance
Pages 169-190

Correlation
Pages 191-205

Simple Regression
Pages 207-232

Multiple Regression
Pages 233-255

The Analysis of Time Series
Pages 257-291

Back Matter
Pages 293-303

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