Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides recently developed computational tools useful for data mining, analysing the reasons to do data mining and the best techniques to use in a given situation.
Book Details:
- Author: Hengqing Tong
- ISBN: 9780470681770
- Year Published: 2010
- Pages: 486
- BISAC: BUS021000, BUSINESS & ECONOMICS/Econometrics
About the Book and Topic:
Statistical Theories and Methods with Applications to Economics and Business highlights recent advances in statistical theory and methods that benefit econometric practice. It deals with exploratory data analysis, a prerequisite to statistical modelling and part of data mining. It provides recently developed computational tools useful for data mining, analysing the reasons to do data mining and the best techniques to use in a given situation.
With mathematical statistics as theoretical basis and with regression model and time series model as basic framework, econometrics offers the quantitative description of economic theory, reveals the internal relationships among economic data, forecasts the development trends of economic variables, and develops empirical studies for business and economic policy. Econometrics has a mature theory and methods with wide scope for application.
Features examples with real life data. Accompanying software featuring DASC (Data Analysis and Statistical Computing). Provides a detailed description of computer algorithms. Provides recently developed computational tools useful for data mining Highlights recent advances in statistical theory and methods that benefit econometric practice.
About the Author
Hengqing Tong, Professor of Wuhan University of Technology, Chairman of Hubei Association of Quantitative Economics, and Associate Chairman of the Chinese Association of Quantitative Economics. T. Krishna Kumar, Managing Director of Samkhya Analytica India Private Limited, Bangalore, India. Yangxin Huang, Department of Epidemiology mso-bidi-font-weight: bold;” lang=”EN-US”>Public Health, University of South Florida