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DMS3003: Data Analytics and Decision Making (数据分析和决策制定): Home

Course Description

Data analytics and Decision making are concerned with using aspects of economic theory, mathematics and statistical inference to analyze economic phenomena and relationships and to further give business insights through the decision-making process.

数据分析和决策制定使用经济理论,数学和统计推断等工具来分析经济现象和它们之间的关系,并通过决策过程进一步提供商业洞见。

Recommended Books

Econometric Analysis

Designed to bridge the gap between social science studies and field econometrics, Econometric Analysis, 8th Edition presents this ever-growing area at an accessible level. The book first introduces readers to basic techniques, a wide variety of models, and an underlying theory that is easy to implement. It then presents readers with the sufficient theoretical background to understand advanced techniques and to recognize new variants of established models. This focus, along with hundreds of worked numerical examples, ensures that readers can apply the theory to real-world applications and are prepared to be successful economists in the field.

Introduction to Mathematical Statistics

The book will help us to improve our understanding and memory through a wealth of illustrative examples and exercises. In addition, the book extensively explores classical statistical inference procedures in estimation and testing, and the flexible organisation of the text makes it ideal for a wide range of mathematical statistics courses.

Recommeded Databases

Learning Outcomes

  • Understand the role of econometrics in theoretical and applied economics.
  • Understand the logic of the theoretical basis.
  • Analyze a business problem using data.