Big data doesn’t necessarily mean great insights. Thorough data analysis is at the core of many innovations in business, economics and the sciences in today’s world. Econometrics can be described as the art of gaining new insights from complex data sets with model-driven thinking (meaning you confront data with ideas about how they are actually generated).
This course aims to provide an accessible, practical and hands-on introduction to econometrics and its workhorse, regression analysis. To achieve this, we will (1) appeal to intuition more than rigour, (2) explore and analyse real-world data sets, and (3) use the non-commercial software R so you will be able to continue using it later on. R is an object-oriented statistical programming language with a huge potential for the future. It is freely downloadable and widely used in the social sciences, statistics, medicine, etc. (Visit www.r-project.org).
Venue: SBE, Tongersestraat 53, Maastricht
Date: 04-14 August 2014