Showing posts with label Probability and statistics. Show all posts
Showing posts with label Probability and statistics. Show all posts

2/26/2010

Review of Mathematical Statistics for Economics and Business (Hardcover)

I bought this book because I was worried about starting an Econ PhD program without any experience in mathematical statistics. I am so incredibly pleased with my purchase. The author clearly lays out the axiomatic theory of probability and then continues to mathematical statistics, using many examples drawn entirely from economics. It is so helpful to see the connection to the material where I will actually be using probability. I'm so glad that I bought this book instead of a more general approach to probability and statistics.



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1/09/2010

Review of Statistical Methods in Econometrics (Hardcover)

If you want to have a book for quick reference and review on basic statistics, this is the one.

It is very well written, but it does not give extensive explanations on the topics it covers, because it assumes thereader has already studied the subject.

I think this is the perfect bookfor a Summer course, usually given to entrants PhD students inEconomics.

All the important results that a PhD student in Economics isgoing to use are there, either derived in the body of the text, or as anexercise. By the way, the exercises are very well posed, they present veryinteresting results, and the difficulty level is pretty appropriate.

Thehigh points are Part I - Probability theory, and Part II - StatisticalInference. In the former, generating functions and all relevantdistributions in Statistics are discussed, as well as the mathematicalrelationship between the distributions. In the latter, the instructorshould complete the asymptotic distribution theory with another reference.Part III - Econometrics - should be covered in a real Econometrics course,although it talks about heteroscedaticity, surprisingly including GARCHmodels.



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12/19/2009

Review of Probability: The Science of Uncertainty (Pure and Applied Undergraduate Texts) (Hardcover)

I used this book to study for SOA exam P and loved it! If you already have some background in statistics and probability, this is the book to go. It will fill in the blanks left by your average school textbook and give you the nesessary coverage of the exam material.



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11/30/2009

Review of Business Statistics: Contemporary Decision Making (Hardcover)

The book is well written. The author kept the narration relevant to issues the business manager faces today.The sample problems are very instructive. There are inputs at the end of each chapter of how to use Excel and Minitab to solve the problems. I struggled with Stats in Undergrad. Ready now for the MBA class!!! Bring it on!!



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