Statistics is the branch of mathematics that deals with real life problems.
The hope is that the use of theory will prove useful in relating the subject to actual empirical applications and help with research..
The examples are based on economic theory utilizing actual data.
The Second Edition has augmented the explanations in the first to clarify the subjects even more.
Instead of covering numerous topics, the book covers interrelated subjects that are necessary for the comprehension of the presented topics.
The objective of this book is to address the fundamentals of statistical analysis in a simple and easy-to-comprehend way.
The Second Edition also incorporates Stata software for use by more technically oriented readers who have access to sophisticated software.
The book is written in simple English with minimal use of symbols, mostly for the sake of brevity and to make reading literature more meaningful.
However, as this book demonstrates, neither is necessary.
The problem is worsened by the use of mathematical jargon and complex derivations.
Unfortunately, the way the concept is introduced to students is not compatible with the way economists think and learn.
As such, it is an essential tool for economists.
Statistics is the branch of mathematics that deals with real life problems
