Statistics is the branch of mathematics that deals with real life
problems. As such, it is an essential tool for economists.
Unfortunately, the way the concept is introduced to students is not
compatible with the way economists think and learn. The problem is
worsened by the use of mathematical jargon and complex derivations.
However, as this book demonstrates, neither is necessary. The book
is written in simple English with minimal use of symbols, mostly
for the sake of brevity and to make reading literature more
meaningful. The second edition also incorporates Stata software for
use by more technically oriented readers who have access to
sophisticated software. The objective of this book is to address
the fundamentals of statistical analysis in a simple and
easy-to-comprehend way. Instead of covering numerous topics, the
book covers interrelated subjects that are necessary for the
comprehension of the presented topics. The second edition has
augmented the explanations in the first to clarify the subjects
even more. The examples are based on economic theory utilizing
actual data. The hope is that the use of theory will prove useful
in relating the subject to actual empirical applications and help
with research.
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