Learning objectives / skills:
Upon completing this module, students will be able to apply fundamental statistical methods and models to practical issues in the field of business and management. They will be able to evaluate the results with respect to the underlying research questions of interest.
Students acquire the ability to discuss relevant problems, particularly during the exercise sessions.
By participating in this module, students recognize the necessity of combining quantitative skills with an understanding of business administration to effectively address applied problems in the field of business economics. Furthermore, they will be able communicate complex statistical relationships in a generally understandable way.
Contents:
Elements of probability theory
Point estimators and their properties
Confidence intervals for different parameters
Construction of a statistical test and various hypotheses tests (t test, chi-squared test)
Linear model (univariate and multivariate)
Forecasting and goodness of model fit
Teaching and learning methods:
Seminar-based teaching
Practical exercises