[Solution]Statistics for Business and Economics

In this project, you will apply the tools learned in EC-300 to a financial portfolio of your selection to determine whether it would be a…

In
this project, you will apply the tools learned in EC-300 to a financial
portfolio of your selection to determine whether it would be a good
purchase.  These need to be done on PC’s;
MAC’s do not have sufficient capabilities for performing advanced statistical
testing.  This is a good learning lesson
for students that they should become accustomed to; the ‘real world’ uses PC’s,
not MAC’s.

In
this project, you will make the following calculations:

MeanVarianceStandard DeviationZ-Score and Associated ProbabilityConfidence IntervalOne Sample Hypothesis TestTwo Sample Hypothesis TestANOVAComparison of Two Population VariancesLinear Regression

Scenario

            Suppose
that you work for a consultancy group that provides advice on the stock
market.  A client has asked you to
provide an analysis of a particular stock for his/her company (you are actually
going to pick the stock, see below). 
What you will do is amass data from a financial website, utilize the
various statistical techniques from the course, and author a ‘financial report’
no shorter than seven pages but no longer than twelve (double spaced, Times New
Roman, size 12 font) that contains the statistical analysis you have performed,
why you would perform that specific test, and your recommendation for the
client.  In particular, the report should
discuss:

Why you selected the particular companyFinancial and non-financial characteristics of the companyHow you calculated the various statistics and what they areThe significance of the statistics (both numerically and
what relevance the test has)Conclusions based on research – Is the company a good one to
purchase

 FAQ’s/Concerns

Do I have to submit my excel
work with the paper? No.Are there any successful
examples of this project? Yes, look on blackboard.Do you want me to describe what
I did step by step? Absolutely not. You are to discuss the relevance and
significance of each statistical test and how it applies to your
particular scenario.  Then, you are
to analyze what that test and its results say about your particular
company.What do you mean by
significance of statistical tests? 
You need to discuss under what conditions and/or scenarios you
might think to apply that particular test. In other words, discuss why is
it relevant to the world.  Simply
stating “I decided to run a confidence interval…” is not acceptable;
that does not actually happen. 
Instead, you would decide to run, say, a confidence interval
because you “wanted to create a range of value likely to contain the
population mean…”.  Get into the
liberal arts aspects of statistics where you become aware of when and why
a specific tool should be used as
well as what its limitations are.
The post Statistics for Business and Economics

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