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Cost benefit analysis is often expected or required for government
projects. On the state and local level, the technique is useful for
assessing the worthiness of a specific policy proposal. The
accounting and analysis of large scale technical projects require
specialized training; in this manual, we offer a non-theoretical
introduction to CBA, accessible to readers without an advanced
statistical or economic background. The book is designed as a
how-to primer in the basics of CBA for local officials who actually
evaluate proposals or merely interpret reports using cost benefit
analysis. A Reference List is provided for further study.
The technique of regression analysis is used so often in business
and economics today that an understanding of its use is necessary
for almost everyone engaged in the field. This book covers
essential elements of building and understanding regression models
in a business/economic context in an intuitive manner. The book
provides a non-theoretical treatment that is accessible to readers
with even a limited statistical background. This book describes
exactly how regression models are developed and evaluated. The data
used in the book are the kind of data managers are faced with in
the real world. The book provides instructions and screen shots for
using Microsoft Excel to build business/economic regression models.
Upon completion, the reader will be able to interpret the output of
the regression models and evaluate the models for accuracy and
shortcomings.
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