
Credit 4 is all about experimental units and treatment conditions. You will learn about causation, control, and variability.
The last Module will look at regression analysis. You will use regression analysis to predict the value of a dependent variable based on an independent variable. Regression analysis is a statistical process for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables.
Course Outcomes:
- Understand the meaning and use of statistical terms used in today’s business/economic environment.
- Collect, organize, summarize, interpret, and present data in tables and charts.
- Apply descriptive statistical measures to data.
- Apply probability distributions to model various business and economic processes.
- Apply statistical inference techniques (including statistical estimation and hypothesis testing) in various business and economic situations.
- Apply simple linear regression analysis to model various business and economic relationships.