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| GEST0087-1 | Quantitative Management Methods, partim 1
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| Duration : | 30h Th |
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| Holder(s) : | Cédric Heuchenne |
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| Language : | Langue française |
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| Course contents : | In this course, the methods studied in basic statistical courses are adapted to analyzing useful applied issues in Economics and Management: variance analysis (comparison of several averages); inter-variable relation modelling (linear models); nonparametric tests. Students will also be introduced, through simple examples, to the maximum likelihood estimation method, which is particularly useful in more complex models used in Econometrics. Finally, time series and multivariate analysis will be introduced, topics especially interesting for students which are oriented to quantitative methods. |
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| Course objective : | The aim of this course is to give an overview of statistical problems met in the fields of Economics and Management.
By the end of the course, students should be able to understand and solve those problems in practice (by example, explaining variances, modelling relations between variables, detecting discrepancies or evaluating the evolution of a behaviour with respect to time). This course is also a prerequisite for quantitative courses which students will take later in their programme. |
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| Prerequisites : | Probability and statistical inference STAT0067-3 |
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| Workshops : | Some workshops will be organised (possibly with computer). |
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| Organization : | The course is given in an 'ex cathedra' way during the second quadrimester.
Courses and workshops are schedulded according to official timetables given to students. |
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| Written notes : | A syllabus will be constructed in such a way that students can obtain each part before being teached. Moreover, statements of exercises and workshops will be also placed at the disposal of students.
Advised books:
Course materials: References: Wonnacott R.J. and Wonnacott T.H. (1990), Introductory Statistics for Business and Economics, New York, John Wiley & Sons (ISBN : 047161517X)
Simar, L. (2003), Statistique en Economie et Gestion, manuscript 248 pages, Institut de Statistique, Université Catholique de Louvain, Louvain-la-Neuve. |
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| Assessment : | Written exam during May-June first session about the whole course. |
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| Contacts : | Cédric HEUCHENNE, HEC-ULg Management School of the University of Liège, B31, local 2.42, tel: 04/366 56 94, email: C.Heuchenne@ulg.ac.be |
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