ECON1203 FINAL EXAM TOPICS OVERVIEW Blair Wang BIT12

DESCRIPTIVE STATISTICS GAMES & PROBABILITY

Week 1 Week 2 Week 3 Week 4 Week 5 Week 6
Frequency distributions
and histograms
Shapes of distributions
Describing bivariate
relations
Central tendency
(location)
Dispersion (spread)
Association
Linear regression, incl.
OLS (Ordinary Least
Squares)
Data collection, incl.
random sampling
Probability distributions
incl. marginal,
conditional, joint
Independence defined as
P(Y|X) = P(Y)
Replacement when
sampling
Random variables
Discrete prob. dist.
Mathematical
expectation
Discrete probability dist.
e.g. Binomial
4 requirements for
Binomial (n trials,
Bernoulli, outcomes
assigned prob.,
independent trials)
Meaning of iid.
Continuous probability
dist. e.g. uniform pdf f(x)
and Cdf F(x)
Normal dist.
Normal approx. to the
Binomial
Estimators incl.
properties
INFERENCE FROM SAMPLES REGRESSION & CHI-SQUARED
Week 7 Week 8 Week 9 Week 10 Week 11 Week 12
Sampling error as
param. minus statistic
SDOM (x-bar)
CLT states SDOM~N()
for n>30 regardless of
underlying dist.
Standard error (se) as
sigma for SDOM
CI, incl. rv nature and
half-width formula
(Z_alpha/2)*(/sqrt(n))
Introduction to
confidence level as 1-
alpha
Hypothesis Testing
Type I and II errors, incl.
alpha and beta notation
and conditional prob.
notation
P-values
Power of test incl. twin x-
bar dist's diagram
Student's t dist. for
(underlying != normal &&
n < 30), incl. v=df=n-1
Sampling dist. of
sampling proportion
P~N(p, pq/n) based on
X~N(np, npq)
Equation components
incl. (in)dependent
(explanatory) variables,
disturbances/errors
7 assumptions of
classical linear
regression
Engel curve (income-
expenditure rel'ship)
Variance decomposition
SST=SSR+SSE (total =
regression + error) and
the derived R^2
SEE (se of estimate) as
estimator for sigma in
Lin. Reg.
Inference and
explanatory power
Dummy variable to test
Boolean condition
Prediction in linear
regression as Y = E(Y|X)
+ epsilon
Theta transformation
Interpretation of "partial
regression coeffs" as
ceteris-paribus marginal
effect
Multiple regression
model incl. A8
"Linear" referring to
coeffs, not variables
Hypothesis testing -
Excel reports coeff=0
Non-linear relationships
e.g. "age and age^2"
Adjusted R^2 which
considers n and
#variables used
Good regression
presentation reports SEE
(se) instead of t-stat or
P-value (Excel has all)
Chi-squared dist. as
hypothesis test for
population sigma^2
Chi-squared for
goodness of fit and
contingency model, incl.
df based on #cells,
expanding % to n, and
"multinomial" concept