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Data Analysis for Economics and Business

Name: Data Analysis for Economics and Business
Price: 1461 SGD

Training Provider: Singapore University of Social Sciences

Course Reference: TGS-2024047228

S$1,461

About This Course

Interpret the results from multiple linear regressions
Explain the key assumptions and potential pitfalls for multiple regressions
Employ analytical methods for different business data types
Apply statistical/econometric methods to mitigate violations of underlying assumptions, such as through the use of Instrumental Variables, first differencing.
Develop computing programs to implement regression analysis
Implement suitable regression analysis for specific data such as dummy variables, limited dependent variables, panel data and time series data

What You'll Learn

ECO206 Data Analysis for Economics and Business covers intermediate data analytical tools relevant for empirical analyses applied to economics and business. The main workhorse in this course is the multiple linear regression, where students will learn to estimate empirical relationships between multiple variables of interest, interpret the model and evaluate the fit of the model to the data. Where the underlying assumptions of linear regression are not met, issues such as specification error, multicollinearity, measurement errors, heteroscedasticity are then examined and solutions such as standard error adjustments and instrumental variable regressions will be explored. Beyond cross-sectional data, students will also learn how to construct models with limited dependent variables (as opposed to continuous dependent variables) and design regression frameworks for panel data. Lastly, the course will explore the fundamentals of modelling with time series data and business forecasting.