This course gives an introduction to basic probability and basic classic statistics. Probability is a tool used in many contexts that student will encounter later in their studies and working lives. Methods from probability are used to analyze risk and uncertainty in finance and economics. In this course, the probability is used for statistics. The course gives a short introduction to basic descriptive statistics. In addition, a thorough introduction is given to classic statistical inference, methods that are used to describe uncertainty in the conclusions from statistical analyses. As part of the classical statistics, an introduction to regression analysis is also included in the course.

Course content

  • Probability calculus
  • Random variables
  • Standard probability models
  • Descriptive statistics
  • Estimation and hypothesis testing
  • Analysis of the relationship between variables


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