2 or 3 credits
Fall 2024 LectureAn introduction to probability theory and the basic statistical estimation methods. Topics include: axiomatic development of probability theory, counting methods, conditional probability and Bayes' theorem, random variables and distributions, expectation, variance, covariance and correlation, special distributions, statistical inference, maximum likelihood estimators, unbiased estimation, and testing hypotheses. Prerequisite: ECON 61500.
Course ECON 670 from Purdue University - West Lafayette.