BUKD-C527 Business Econometrics
- 12 weeks
- 3.00 credits
- Prerequisite(s): BUKD-C520
Statistics are often met with skepticism, and are seen by many as highly manipulable. However, they can be a powerful tool for unlocking valuable information from any dataset. Econometrics is the application of statistics and mathematics to economic and financial data. As these types of data have become more readily available and as computers have become much more powerful, econometrics is playing an even greater role in business forecasting, marketing, and strategic decision-making. In this course, we will study fundamental econometric models, their statistical properties, and how to apply them to real data. The goal is for you to finish the course feeling comfortable estimating, interpreting, critiquing, and justifying commonly used econometrics models for cross-sectional data – skills that can also be applied for other types of data, including time series and panel. Consequently, you will be equipped to extract information from datasets that businesses and/or government organizations will value, identify strengths and weaknesses in others’ econometric analyses, and properly address challenges to your econometric analyses if and when they arise.