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Business Analytics Statistical Foundations

The document outlines the syllabus for the 'Statistical Foundations of Business Analytics' course taught by Tim Ederer at Tepper Business School. It includes details on the course schedule, attendance policies, office hours, assessment methods, and course objectives, emphasizing the importance of statistical tools in data analysis. The course will utilize R programming and does not require any textbooks, as all necessary materials will be provided in class.

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daryn.imashev.bu
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6 views9 pages

Business Analytics Statistical Foundations

The document outlines the syllabus for the 'Statistical Foundations of Business Analytics' course taught by Tim Ederer at Tepper Business School. It includes details on the course schedule, attendance policies, office hours, assessment methods, and course objectives, emphasizing the importance of statistical tools in data analysis. The course will utilize R programming and does not require any textbooks, as all necessary materials will be provided in class.

Uploaded by

daryn.imashev.bu
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Statistical Foundations of Business Analytics

Chapter 0: Introduction

Tim Ederer

Mini 2, 2024
Tepper Business School
Summary Syllabus

Instructor
• Tim Ederer, Assistant Professor of Economics
• Email: tederer@[Link]

Schedule
• Meet twice a week M|W except on December 9 and November 27
• December 9 classes rescheduled to November 1 in TEP 2110

1/8
Additional Policies

Attendance
• Attendance is mandatory
• Email me as soon as possible if you cannot attend a lecture

Disability accommodations
• If you have a letter from the Office of Disability Resources, reach out to me
• If you need specific accommodations, reach out to the Office of Disability Resources

2/8
Office Hours

Office hours: Tuesday 9am-12pm, Friday 9am-11am


• Objective: helping you understand the course material
• My advice: come prepared with specific questions!

Book office hours in advance


• Slots of 15 minutes on Calendly (link on Canvas)
• If you can, send me your questions in advance
• Do not try to come without booking

3/8
Textbooks

No required textbooks for this course!


• Material covered in class is self sufficient
• Course divided in 5 chapters with slides, problem sets, R codes
• Additional notes taken during lectures will be posted on Canvas

Textbooks are relevant only if you want to dig deeper


• List is on the Syllabus on Canvas

4/8
Programming

Programming language I will use for this course is R


• Feel free to use other languages if you want
• This is not a programming course!

Useful packages
• wooldridge: collection of various datasets
• ggplot2: plotting and data visualization

5/8
Prerequisites

Knowledge of statistics, probability and algebra


• Probability: random variables, expectation, variance, convergence
• Statistics: sampling, estimation, law of large numbers
• Algebra: matrices and vectors, matrix operations, matrix inverse

References in case you need a refresher


• Appendix A, B, C and D of Wooldridge (see Canvas)

6/8
Assessment

Two homeworks (20% each) and one take home final exam (60%)

Homeworks
• One week to complete, 1st due by November 17, 2nd due by December 8
• Two problems: one theoretical, one applied
• Can be done alone OR in groups of two

Final exam
• Follow same structure as homeworks (half theory, half practice)
• More info later in the Mini

7/8
Course Objectives

Data is an incredibly valuable resource


• Window into how the world works and how decisions shape individual and global outcomes

But need the correct tools to harness it


• Wrong interpretation of data can lead to wrong conclusions
• Very common fallacy: correlation = causation!

Objectives of this course


• Learn how to identify the statistical tools best suited to answer your questions
• Know how to make inference and assess robustness of results
• Learn how to implement these analyses in R

8/8

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