Data analysis is the basis of any evidence-based managerial decision making. This course teaches students about selected methods of data creation, collection, and analysis. It draws on econometrics and statistical methods developed to estimate economic relationships, testing theories about real-world behaviour, and evaluating business and public policies.
In particular, this course will provide a review of basic statistical tools, introduce students to regression analysis including linear regression with multiple regressors, non-linear regression models, dummy variables, and longitudinal or panel data methods. The course will be application based and will also cover survey and questionnaire design.
A number of academic research papers will also be discussed to illustrate the main concepts.
To link the statistical and econometric concepts to practical examples, students will be shown how to manage and analyse data during class using the statistical software package STATA.