Data Analysis / Business Statistics:
A Decision-Making Approach
Chap 1-1
Statistical thinking will one day be as
necessary for efficient citizenship as
the ability to read and write.
H. G.
Wells
Wells Herbert George (1866-1946),
English author and politic
Spatial Statistics
Jonathan
Bossenbroek, PhD
Dept of Env. Sciences
Lake Erie Center
University of Toledo
What is Spatial Statistics?
The quantitative study of phenomena located
in space.
Spatial patterns
Autocorrelation
Semivariance
Example Moose on Isle
WHAT IS STATISTICS
Who Will Be The Winner?
L vs R
370 : 161
Literary Digest, a magazine once correctly pre
dicted the winner of American President selec
tion of 1932.
100 million subscribers
$45,000
$33,000
$198,000
A
198000 / 90 =2200
33000 / 3 + 450
STATISTICS
WRITTEN
REPORT
College students
eating habits
1
Introduction
1
Eating habits is refers to the people for
food and beverage preferences including the
diet material preferences, cooking methods
of preference, and cooking flavor seasoning
and the
1/3/2012
Lecture 1 - Outline
2011-2012-S2
AB1202: Statistical and Quantitative Methods
Lecture 1: Introduction & Summarizing Data
Course Introduction
Summarizing Data
Making Sense of Data
Understanding Data Requirements
Describing Sets of Data
Visua
Chapter 2
Descriptive Statistics:
Tabular and Graphical Methods
Summarizing Qualitative Data
Summarizing Quantitative Data
Exploratory Data Analysis
Crosstabulations
and Scatter Diagrams
1
Summarizing Qualitative Data
Frequency Distribution
Relative Freq
Statistics
An Introduction and Overview
Statistics
We use statistics for many reasons:
To mathematically describe/depict our
findings
To draw conclusions from our results
To test hypotheses
To test for relationships among
variables
Statistics
Numerical re
Chapter
5 Normal Probability Distributions
N
Elementary Statistics
Larson Farber
1
Section 5.1
Introduction to
Normal
Distributions The
standard Normal
Distribution
2
Properties of a Normal Distribution
x
The mean, median, and mode are equal
Bell shaped a
View Results
BSTAT 3321 BONUS QUIZ 4 FALL 2010
Name: Pratibha Adhikari
Started: December 3, 2010 8:02am
Attempt: 1 / 1
Out of: 14.85
Finished: December 3, 2010 8:49am
Time spent: 46 min. 42 sec.
Student finished 3 min. 18 sec. ahead of the 50 min. time li
Statistics
Evaluation
Class Performance
Assignment
Final Exam
20%
10%
70%
Course Introduction
Research objects of Statistics are the
quantitative problems of the economic
phenomena of the society.
Features of statistics are quantitative,
collectivity a
4
Discrete Probability Distributions
x = number of on time
arrivals
x = number of
correct answers
Elementary Statistics
Larson Farber
x = number of
points scored
in a game
x = number of employees
reaching
Larson/Farber sales
Ch. 4 quota
1
Section 4.1
Prob
Descriptive
statistics
for one variable
Descriptive
Statistics
Inferential
Statistics
(measures of location)
(measures of variability).
Frequency
distribution
exemple
Fastest Ever Driving Speed
226 Stat 100 Students, Fall '98
100
Men
126
Women
70
80
90
10
Statement of Purpose
With the encouragement of my parents, I have always been interested in a wide
variety of all subjects. I have had a passion for learning new things since I was young. I
found that I am sensitive to numbers and find out what are the me
1.
(a) It is one of the methodologies used in engineering research. The world governed by the laws of
deterministic physics with our mindset firmly in verification mode. For empirical investigations
where we do not always understand perfectly how the phys
Chapter 1
What is Statistics?
GOALS: Upon successful completion, you
should be able to:
1. Define Business Statistics
2. Differentiate between the different types of
data and levels of measurement
3. Describe key data collection methods
4. Identify common
Game Theory and Information
Economics
Lec 5 & 6 Mixed Strategy Nash
Equilibrium
Ivy Li
Rocks, Paper, Scissors
Rocks, Paper, Scissors
A formal look
Where is the NE?
R
P
S
R
0,0
0,1
1,0
P
1,0
0,0
0,1
S
0,1
1,0
0,0
Rocks, Paper, Scissors
There is no NE in
Game Theory and Information
Economics
Lec 3 & 4
Nash Equilibrium (Contd.)
Ivy Li
Quick Recap
Formal definition of a game
Players
Strategies
Preferences over strategy profiles
Quick Recap
Nash Equilibrium
No single player has an incentive to change
h
Game Theory and Information
Economics
Lec 11 - 12
Dynamic Games of Complete but Imperfect
Information
Ivy Li
CENTIPEDE GAMES
In-class experiment: Centipede games
Example 1: a baby centipede
R
A
B
D
3, 3
r
R
A
d
10, 0
What is the SPNE?
2, 1
D
1, -10
baby
Game Theory and Information
Economics
Lec 7 -8
Extensive Games (Dynamic Games)
Ivy Li
Outline of dynamic games of
complete information
Dynamic games of complete information
Extensive-form representation
Dynamic games of complete and perfect information
Ga
Game Theory and Information
Economics
Lecture 1
Ivy Li
Father of Game Theory
John Von Neumann
Hungarian Mathematician
Wrote The Theory of Games
and Economic Behavior
Mastered Calculus at age 8
Co-invented the electronic
computer
Worked on the Manhat
Game theory and Information Economics
Ivy Li
Lecture 17-18
Ivy
(Lecture 17-18)
Games
1 / 45
Road map
Road map
Signalling games
Denition
Job-market signalling
Corporate investment and capital structure
Renements of Perfect Bayesian Equilibrium
Ivy
(Lecture
Game Theory and Information Economics
Ivy Li
Lecture 15-16
Ivy Li (Lecture 15-16)
Game
1 / 48
Road map
Road map
Dynamic games of incomplete information
Perfect Bayesian equilibrium
Dynamic games of incomplete information
Adverse Selection and Screening
Si
Game Theory and Information
Economics
Lec 13 -14
Static Games of Incomplete
Information (Bayesian Games)
Ivy Li
Static (or simultaneous-move) games
of complete information
A set of players (at least two players)
For each player, a set of strategies/acti
Game Theory and Information
Economics
Lec 2 Nash Equilibrium
Ivy Li
Quick Recap
What is Game Theory?
- Game theory is the study of multi-person
decision problems. Gibbons p. xi
What Is and What Isnt a Game?
- Firms Setting Prices, What music to listen t
Game Theory and Information
Economics
Lec 9 - 10
Repeated Game Ivy Li
Repeated Games
What is a repeated game
Special case of an extensive game
There is a stage game (i.e. Prisoners
Dilemma)
It is repeated for T periods (possibly infinite)
Payoffs are
Lecture Note Fifteen
Financial frictions: Limited Enforcement and
the Role of Collateral
Professor Kevin Huang
Alternative source of nancial frictions
Limited enforcement: lender cannot force borrower to repay debt unless
debt is secured !Role of collater