Introductory statistics for business and economics. Theory, exercises and solutions (Q1681972)

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 represents a rather wide scope of current statistical tools without overloading students with a heavy mathematical apparatus, substantiating the presented tool of sufficiently deep analyses of complex economic objects and phenomena. Instead, 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. The book consists of eleven chapters. The first one ``Descriptive statistics'' is an introduction to the sample method. In the second one, an elementary notion of probability and its properties are given for a finite sample space. The third is ``Combinatorics'', and the main facts of probability theory are presented in Chapters 4--7. The latter introduces the binomial, hypergeometric, Poisson, and normal distributions. Chapters 8--10 describe the basic facts of parametric estimation theory and hypothesis testing. The last eleventh chapter is devoted to linear regression. The book is substantiated by a software created within the author's system for collaborate learning. A reader should be aware and enlightened that many economic processes are unrepeated and influenced by political and other events. This unrepeatedness does the process of proven revealing the probabilities distribution very hard or impossible, especially in parametric form, and especially for the normal distribution. The latter is a very attractive trap for naive researchers. So, after the very useful book of Ubøe, the beginner applied statistician should be acquainted with more advanced tutorials where there are presented or at least mentioned problems of practical probability distribution construction, particularly, methods of nonparametric estimation.