Essential Statistical Concepts for Econometrics

The course presents essential statistical concepts for econometrics. Delegates are required to bring along a calculator.

For more info, visit: /essentialstats4econ.htm

Contents

Random Variables

What is a random variable?

Probability distributions for discrete and continuous random variables

Joint distribution and independence
Features of Probability Distributions

The expected value

Covariance and correlation

Correlation and independence

Unconditional and conditional expectation
Continuous Random Variables

The normal distribution

The Central Limit Theory

Chi-square distribution

t distribution

F distribution
Estimators and Estimates

What is an estimator?

Estimation procedures
Hypothesis Testing

Components of a test

How to use the p-value