This textbook discusses central statistical concepts and their use in business and economics. Accordingly, the book predominantly focuses on exercises, several of which draw on simple applications of non-linear theory. The book bridges the gap between theory and applications, with most exercises formulated in an economic context.
Jan Ubøe is a Professor of Mathematics at the Norwegian School of Economics. He has published research in several different areas of mathematics and economics: theory on stochastic differential equations, option pricing theory, regional science, transportation science and management science. His contributions have also been recognized with several awards for excellence in teaching.
Introduction.- Descriptive statistics.- Probability.- Combinatorics.- Conditional probability.- Random variables, mean and variance.- Joint distributions.- Basic probability distributions.- Estimation.- Hypothesis testing.- Commonly used tests.- Linear regression.- Solutions.
“This textbook is an introductory one which is intended first of all for researchers, analysts and practitioners in finance and economics which are not going to become professional statisticians. … the author introduces the readers to the complex technology through many examples and exercises which are simple and explicit at the beginning and grow up to nontrivial problems of economic practice.” (Vladimir Gorbunov, zbMATH 1407.62008, 2019)