Product Description
Applied Statistics in Business & Economics, 3rd Edition provides a comprehensive introduction to Statistics concepts and applications in business and economics. The text and online supplements emphasize thinking about data, choosing appropriate data analytic tools, and using computers effectively.The authors demonstrate easily mastered software techniques using the common software available. ... Read more

Product Description
Employment. . .Inflation. . .Consumer Spending. Each month, financial markets react to these and other important figures. The data, tables, charts, and graphs in this authoritative book explain how each indicator is determined, and how readers can effectively use this information. New sections include employment and labor figures, new GDP measures, and much more. ... Read more

Customer Reviews (5)

A must read
This book draws from his many years of experience as an analyst and macro-economist at the Federal Reserve Bank of Atlanta, Rogers deals with such topics as employment, personal income, retail sales, new auto sales, the consumer price index, the producer price index, industrial production and capacity utilization rates, manufacturers' orders, business inventories and sales, the purchasing managers' index, monthly international trade, monthly construction indicators, gross domestic product, and the U.S. Commerce Department's index of leading indicators and other composite indexes.

Very careful and detailed book
This book is great. It tells you exactly what the various economic series are, and how they are constructed - down to the fine gory details. I suspect this is the best such reference book available. If the author could produce an updated 3rd edition I would buy it immediately.

Essential for market analysts and conscientious researchers!
The Handbook of Key Economic Indicators clearly stands head and shouldersabove competing texts in its depth. The first thing I like about this bookis that it provides detailed information on important data series and is aninvaluable resource to those tracking the nearly daily release ofnon-financial data. In addition to providing the necessary methodologicalbackground for each indicator, the work explains how to interpret eachindicator and specifically suggests what to look for when analyzing datareports.I also found that the explanations of the numerous potentialsources of monthly volatility are extremely useful- the explanations areclear indications of the author's extensive experience with the data.Iwas glad to see the Handbook isn't just a rehash of the first edition--itis very current and includes important new sections on the 1996 BoskinReport, the 1998 revisions to CPI (including the impact on inflation growthrates), and the switch in real GDP to a chained dollar basis and how oneworks with the new data.What I like about this book is that it not onlycovers the basics in news release interpretation that market analysts wantbut also that it is an excellent reference for researchers who need athorough understanding of the major non-financial economic indicators. Whatsets this work apart is that it has the depth and coverage of methodologiesand special topics that similar texts do not have.For the analyst orresearcher working with these complicated and often misunderstood dataseries, I would highly recommend this book!

A comprehensive, insightful look at key economic indicators
R. Mark Rogers has written a comprehensive, thorough overview of the keyU.S. economic indicators.His book would be particularly useful foranalysts new to the business, or to seasoned analysts who need to know moreabout the nitty gritty behind the numbers.Rogers' handbook is filled withmore technical information that some people will ever need, and some willfind the level of detail intimidating and somewhat cumbersome.However,the compilation of all this information in one source is extremelyvaluable, and is particularly useful for those who want a deeperunderstanding of what the economic data say.The level of technicalsophistication is what sets this book apart from others. For those who wantto understand more about U.S. economic data than the sound bytes on thenews or the quotes in the paper provide, this is the book to read.

Comprehensive, very technical, but NOT user friendly.
This work is highly technical.It provides the genesis and sources forall the leading U.S. economic indicators.A dweeb's delight - however itlacks meaningful illustrations.A few charts were provided, but -likethe dismal science, the actual text, tables, and raw data are dull, drab,and unimaginative.For my money, a far more "user-friendly"overview is necessary.This book needs some meaningful graphs, colorfulillustrations, and an anectode or two.It could have been made farsimpler, and easier to understand.As is, the book has only limited value- especially to the investing public.It's a shame the author went to allthat work compiling a bunch of data, but, like most dweeb economists, hedoesn't effectively communicate. ... Read more

Product Description
This book and software package presents a unified approach for doing mathematical statistics with Mathematica. The mathStatica software empowers the student with the ability to solve difficult problems. The professional statistician will be able to tackle tricky multivariate distributions, generating functions, inversion theorems, symbolic maximum likelihood estimation, unbiased estimation, and the checking and correcting of textbook formulae. This is the ideal companion for researchers and students in statistics, econometrics, engineering, physics, psychometrics, economics, finance, biometrics, and the social sciences. The mathStatica CD-ROM includes: mathStatica: The Applications Pack for mathematical statistics, custom Mathematica palettes, live interactive book that is identical to the printed text, online help, trail version of Mathematica 4.0. Colin Rose is Director of the Theoretical Research Institute (Sydney). He has published in leading journals on computer algebra systems and their applications to statistics, economics, and finance. Murry Smith is a senior lecturer in the Department of Econometrics and Business Statistics at the University of Sydney. In 1998-99, he was awarded an Alexander von Humboldt Research Fellowship to visit the University of Munich. He publishes in the fields of statistics, econometric theory, and computer algebra systems.

WINNER of The MDTech Prize for Best Software Contribution at COMPSTAT 2002! ... Read more

Customer Reviews (16)

Expensive book, even more expensive software
Just wanted to echo the other reviews and point out that you'll be out $200+ (for academics/students) to get a working version of the software. The book is not very useful without the software, unless you have not been using Mathematica for many years and are still on version 4. I'm highly disappointed, as I am now out the cost of the book, and can't do anything unless I spend $130 more.

Total con. You need to spend another $585, and hope they update for version 6
This is really a software manual rather than a book. Unfortunately, in order to use the software you will have to use a really old edition of Mathematica, or use version 5.2 and spend another $585 for the upgrade to make the software work. It is not $89 as some state - that is only for student/academic price.

Just to make matters worst, the $585 upgrade only works with 5.2, not 6, but they claim they will give you a free upgrade when it appears.

I feel that they should make a version available for no extra charge that works with current versions of Mathematica. Mathematica 5 (which the software does not work with), was released in 2003. There is no excuse for keeping the book in print, updating the software, but not making the updates available free of charge. I could accept updating only sufficient to work (no enhancements), but this is just a con.

I will be contacting Springer (the publishers) to complain. Will others do likewise?

Great stuff (with caveats)...Even more caveats
UPDATE JULY 2009:

As of 3Q09, they have still not released the software compatible with Mathematica 7.0 leave alone 6.0. A delay of a little less than 2 years - completely unacceptable for a software. Anyway, I think Wolfram is effectively going to put them out of business. Check out these new capabilities in Mathematica itself, rendering a lot of mathstatica's features obsolete.
[...]
Also, it look like their "bait and switch" tactics are still causing a lot of heartburn. I am revoking a couple of stars.....(as soon as I figure out how:)

ORIGINAL REVIEW:

This review is more about the software that accompanies the book rather than the chapters in the book itself. (which of course, is the whole point of the book).

I bought this product about 6 months ago, while I was in the middle of writing a couple of papers and found this to be a great tool. This is one of those rare products that makes useful but complicated things simple and easy. Even those of us who are gifted enough not to be turned off by symbolic prose will agree that there is a certain resistance to explore and learn something that's got mathematical symbols all over it - this piece of software will help overcome exactly that, not to mention how good Mathematica is by itself.

Having said that, if you are not comfortable say, at the level of "Statistical Inference" by Casella and Berger (one of the best books on the topic ever written), then this will do much less for you than you read in its reviews. Also I see from quite a few previous reviews that there is resentment at the authors not being totally upfront about the fact that it requires at least another $[...] (student version) to harness the power of this software totally. The professional version will set you back by about $[...].

Pros:

Great software. It does amazing things that used to take me hours by hand. Seemingly ugly or unsolvable problems are easily attacked.

Great customer service - I have emailed them a few times both about installation AND STATISTICAL questions and they are great with both. Seem like a pretty well run shop. Despite other reviews, the price is worth it.

Of course, if price is too much of a concern and you have all the time in the world, you can program these in Mathematica yourself - but these pre-programmed functions are much better. (I have tried).

Cons:

Not for a novice or statistical enthusiast. Please read the title - It does say "Mathematical Statistics" for Mathematica. So make sure you are at least at the level of Hogg/Craig or Casella/Berger etc.

As of 3/08, this is not compatible with Mma 6.0, but the website says they will be releasing the next version in 1Q 08, may be by the end of the month.

Powerful software great for learning and experimenting
The bottom line is that this is a very well written book, but more importantly the associated software is *very powerful*. The software is a *symbolic* solver for mathematical statistics, not merely a numerical solver. You will appreciate the great value of this book and software once you understand this difference. Great if you want to learn, experiment and apply mathematical statistics. I highly recommend it.

OK book.
mathStatica, a software bundled with this book, is probably a very good software.I was not very happy with the way the authors and the publisher structured the mathStatica license, particularly with newer and improved versions of Mathematica and the limited use of the software. The Mathematica descriptions were useful with the exercises beneficial. ... Read more

Product Description
No descriptive material is available for this title. ... Read more

Product Description
This new text offers an Excel-focused approach to using statistics in business. All statistical concepts are illustrated with applied examples immediately upon introduction. Modern computing tools and applications are introduced, and the text maintains a strong focus on presenting statistical concepts as applied using Excel, enhanced by MegaStat, the Excel add-in created by the author and used as a standard for all McGraw-Hill/Irwin Business Statistics textbooks. The text enables students to take full advantage of Excel to develop and drive problem-solving skills. As a one-color paperback, it is also a competitive low-cost alternative to most of the higher-priced books in the market. ... Read more

Customer Reviews (2)

Oh dear.
This book is probably great for people who have a mathematical or scientific background, but the way concepts are communicated does not make much sense to people like me who are new to statistics and has not really picked up a math book since high school. A typical sentence that you are supposed to just read and go "oh yeah!" goes like this: "In discussing ANOVA, SSX becomes SSTotal... (followed by a formula)... where Xij is the ith observation in the jth group...". All clear. Thanks for that.

The CD tutorials sound like they were done while on Valium and Prof. Orris was sick to death of doing them over and over. Also, the tutorials are not compatible with a Mac so you will need access to a Windows PC.

To be avoided if you have the choice.

CAn't stand this book!!!The author is so blah in his tutorials he bores the computer to death
It's very hard to learn the basics with this book, I did better reading from two other books.But for Megastat you are forced to listen to the authors horrible drab voice, he sooooo needs to pay someone else to do these voice overs. Listening to umms and ahhs not only lengthens the study time but he sounds utterly bored with the material and confused.He could say "I won a million dollars" and still sounds as it was the most dull thing to happen on the planet.I hope your teacher doesn't choose this book. ... Read more

Product Description
This collection of papers delivered at the fifth international Symposium in Economic Theory and Econometrics in 1988 is devoted to recent advances in the estimation and testing of models that impose relatively weak restrictions on the stochastic behavior of data.Particularly in highly nonlinear models, empirical results are very sensitive to the choice of the parametric form of the distribution of the observable variables, and often nonparametric and semiparametric models are a preferable alternative. Methods and applications that do not require strong parametric assumptions for their validity, that are based on kernels and on series expansions, and methods for independent and dependent observations, are investigated and developed in these essays by renowned econometricians. ... Read more

Product Description
Combines technique with application using real data sets. The core of the book (Chapters 1-13) covers the basic statistical concepts necessary for econometrics with an emphasis on regression analysis. Part V is a treatment of advanced econometrics theory. ... Read more

Customer Reviews (4)

A fine text for social science graduate students
I teach a course in applied regression analysis for masters degree students in a broad range of disciplines, including criminal justice, nursing, education, journalism, and exercise science.Over the years, I have worked with a lot of informative and reasonably accessible texts, including Gujarati's Basic Econometrics, Wooldridge's Introductory Econometrics, Chatterjee and Hadi's Regression Analysis by Example, and Wittink's now-out-of-print The Application of Regression Analysis.

In each instance, my choice of texts was guided by a desire to enable students to learn enough about regression analysis to do creditable work in their specific disciplines, and to facilitate this process by usinginstructional materials that were accessible to readers with limited mathematical and statistical backgrounds.Ideally, I hoped to find a textbook that was suitable for self-instruction, something that students could actually read and understand.

Gujarati gets high marks on accessibility and coverage, but he is a bit slow in getting to really interesting applications involving multiple regression.It is a virtue of his text, however, that the examples require little or no substantive knowledge of economics.

Wooldridge's book is more mathematically demanding than Gujarati's, but he gets to interesting applications quickly.The breadth of coverage for his text, however, far exceeds the needs of my students.In addition, Wooldridge's text tends to presuppose more knowledge of substantive economics than Gujarati's, and Wooldridge's book is quite expensive.

The appeal of Chatterjee and Hadi's Regression Analysis by Example has diminished over the years since it first appeared (Chatterjee and Price, 1975).Their choice of topics to address now seems a bit idiosyncratic, examples are not as informative as they might be, and the text is not as readable as it once was.(On the other hand, since I've been familiar with various editions of this book for a three decades, it may be that my taste in texts is changing while Regression Analysis by Example is as good as ever.)

Wittink's The Application of Regression Analysis was short, readable, and provided adequate coverage of most essential topics.Anything that was missing could easily be filled in by the instructor.But, as noted above, this book has been out of print for some time.

It was only recently that I became aware of Mirer's Economic Statistics and Econometrics, now in its third edition.This text has the breadth of coverage that I need; is well written and accessible to non-specialists; at the same time, it avoids trivialization of difficult concepts, assuring that students who read the book understand what they are doing and why.An added bonus is a review of basic statistics, which makes up the second chapter of the book.

All tolled, Mirer's text is ideally suited for instructional and self-instructional purposes.I plan to continue using for the foreseeable future.The only difficulty I have with the book is its cost.

Learning to use statistics to work on problems in economics
This is a book about learning to use statistics to work on problems in economics.It focuses on regression and hypothesis testing rather than Bayesian methods, so make sure that is the kind of statistics you want to study (most everyone but the most advanced statisticians does).

After the intro, Part I gets into Data and Description - the kinds of data available, how to use them and what to look out for.It also introduces univariate, linear, bivariate statistics, and frequency distributions.

Part II provides three chapters on the specification and estimation of regression models.The chapters discuss theory and application.

Part III provides three very valuable chapters on probability distributions (if that is a topic you don't have down pat already).Part IV consists of three chapters on inference in regression.This is vital stuff if you want to understand what hypothesis testing is about.

Part V is four chapters on various topics in econometrics and Part VI is two chapters on topics in statistics.

The book also provides statistical tables, answers to selected problems (always valuable to the reader who wants to verify his or her comprehension of what has been read), a three and a half page bibliography for further reading and an index.

I found the book to be interesting, focused, and helpful.The writing is clear and does not let the complexity of the topic obscure understanding.However, if you are a general reader who wants to read this, it would be good to have a handle on math through at least calc 1.The book is not all that complex, however, you cannot just dash through it.You need to take your time and understand the material as it is presented, work through some of the problems to be sure you understand what has been presented.Once you have a good grasp on what you have just been presented you can move on.Just do not dash ahead because you will get lost and then blame the author and that would be unfair to both the reader and the author.

Solid text and I am glad to have it on my shelf.It is exactly what I had hoped it would be.

Horrible textbook...
I'm an econ major and I'm taking Applied Econometrics this semester.My professor thinks that this book is great for his class, but that tells me one of two things: 1. there is a severe lack of "good" textbooks for applied econometrics classes, or 2. he hasn't done his homework.The worst part about this book is that there are no examples.It is mostly straight theory.The three or four examples I found in the book are long and detailed and are not of help when doing a problem set for class.I hope someone writes a better textbook because, as a struggling econ major, this book definitely did not make my learning experience any easier.

Good Introductory Text
The author does a good job of introducing basic econometrics with a touch of theory and some applications.OLS and basic regression tests are well covered and various other topics are covered on the surface.I'd say oneneeds only a little math or statistical background to read and understandthe book since several chapters are dedicated to explaining these necessaryconcepts.

I'd say the text is at about the 2-3rd year level of anundergrad program. ... Read more

Product Description

This text helps business students develop competitive advantages for use in their future careers as decision makers. Students learn to build models using logic and experience, produce statistics using Excel 2007 with shortcuts, and translate results into implications for decision makers. The author emphasizes communicating results effectively in plain English and with compelling graphics in the form of memos and PowerPoints.

Statistics, from basics to sophisticated models, are illustrated with examples using real data such as students will encounter in their roles as managers. A number of examples focus on business in emerging global markets with particular emphasis on China and India. Results are linked to implications for decision making with sensitivity analyses to illustrate how alternate scenarios can be compared. Condensing and distilling results makes results more usable. Chapters include screenshots to make it easy to conduct analyses in Excel 2007 with time-saving shortcuts expected in the business world.

PivotTables and PivotCharts, used frequently in businesses, are introduced from the start. Monte Carlo simulation is introduced early, as a tool to illustrate the range of possible outcomes from decision makers’ assumptions and underlying uncertainties. Model building with regression is presented as a process, adding levels of sophistication, with chapters on multicollinearity and remedies, forecasting and model validation, autocorrelation and remedies, indicator variables to represent segment differences, and seasonality, structural shifts or shocks in time series models. Special applications in market segmentation and portfolio analysis are offered, and an introduction to conjoint analysis is included. Nonlinear models are motivated with arguments of diminishing or increasing marginal response, and a chapter on logit regression models market share or proportions.

Customer Reviews (6)

I was waiting for more
My expectations with this book were higher, there is no doubt Ms Frazer has a very solid knowledge of quantitative analysis but this books lacks a lot of teaching methodology: there are reference of files and I don't know whether those files are delivered together with the book or not, the printing is blurry and examples are too small graphs, I need to figure out the numbers.If this is a teaching book it must be clearly stated where to locate all resources and it must be prioritized that readers must have a clear picture on examples and specially on printed excell examples for a better understanding.I've been a business teacher for 8 years now and I would not use this book as a reference.

Business Statistics for Competitive Advantage with Excel 2007: Basics, Model Building and Cases
Save your money. There are many better books out there describing Excel 2007 and Business.
The reproduction quality is poor.
The datasets are not readily available on the publishers site.

the right book for practictioners
If you have any background or experience in creating multivariate models you will find these book and easy read. It gives you all of the steps to do multivariate modeling and forecasting right. Best book I have read on the subject.

How to access the Excel files
Hello---

To access the Excel files, please go to Springer's website for instructions and their online location.

Prof Fraser

Where are the sample files?
I find it fairly difficult to study the book without sample files.
Is there a way to download the samples? ... Read more

Product Description
Introducing the concepts and methods of modern statistics with an emphasis on computer assisted data analysis, the book focuses on interpretation of results rather than their computation.Review of probability, collecting data, summarizing and exploring data, sampling distributions of statistics, basic concepts of inference, linear regression and correlation, analysis of single factor and multifactor Experiments. ... Read more

Customer Reviews (4)

bad quality
The book binding quality of this book version is very bad. I have used it a few times and the binding broke, pages came loose. I have lost interest using the book although its content is well done. The poor quality comes close to cheap book reprints that you can buy in India.

The quality of the book
The contents of the book is good but the quality of the book is very bad. Even though the book is new, the pages in it started to fall off from the book when I was using it for a few times. I don't recommend anyone to go for this print version.

most complete statistics book
Best book about statistics. Includes every mathematical demonstration from every procedure described in the book. Great for the academic world.

Statistics and Data Analysis Review
This book was the assigned text for a graduate level statistics course I took.It is well written with examples for every technique discussed and lots of exercises at the end of each chapter.I highly recommend it. ... Read more

Product Description
"Essentials of Business Statistics" presents basic statistic concepts, including descriptive statistics, probability, and elementary inferential statistics in a student oriented style. All concepts are developed with support of unique three part examples: problem, solution, and interpretation, which give students the full picture. Applications are drawn from all areas of business and economics. This book is a refocused and shortened version of "Applied Statistics For Business and Economics, 2/e" by Webster. This briefer book concentrates on the core topics in business statistics. It is important to retain "2/e Webster" users by presenting this 1/e as a "shortened" book. It is also very important to present it as a "new" alternative to the Mason level market, to replace any brief text, e.g. Mason, Levin/Rubin, Mann, Trioloa/Franklin and Anderson/Sweeney/Williams Essentials. ... Read more

Product Description
A condensed, streamlined version of the popular, widely used Understandable Statistics, 8/e, this text offers instructors an effective solution to teaching the essentials of statistics within a shorter time frame. Designed to help students overcome their apprehension about statistics, Understanding Basic Statistics, 4/e is a thorough, accessible text that demonstrates the applicability of statistics in the real world. Student-friendly highlights of the Fourth Edition include solutions and key steps to odd-numbered problems, highlighted definitions, Expand Your Knowledge and Cumulative Review Problems, and a complete technology package with additional learning opportunities and skills-reinforcement exercises. ... Read more

Customer Reviews (4)

Beware out side American buyer

I waiteabout one month but i can't get my book.

it disappear through transportation.

if you are order this stuff outside America?

think twice please.

Too Confusing for "Basic" Statistics
I'm a student and have never taken Statistics before.I found it to be too confusing, the instructions to be too vague and the examples to be hard to follow.They automatically assume that you know immediately what they're talking about; some new concepts they explain in one sentence, which I found to be seriously lacking for someone who's trying to learn.

Another thing is that you have to keep flipping back and forth through pages to get to formulas, charts, etc., including the references in the back of the book.There is nothing "basic" about this book at all.

Good, but not quite good enough
As a teacher of basic statistics, I am always on the lookout for a better text. Right now, I use "The Basic Practice of Statistics" by David Moore. Therefore, when I looked at this book, it was being compared to the Moore book as well as to what I want to cover in the class.
The coverage of this book is barely adequate for my needs although the order of presentation is well within my desires. Analysis of variance (ANOVA) is not covered, which I consider to be a serious omission. The presentation style is appropriate for the level of student that I have in my classes, I would rank it right in the middle of what is acceptable in terms of level of difficulty. The demonstrations are generally clear, although at times a bit too concise. In my opinion it would have been better if there had been more examples worked in a step by step manner. My students need that at least once for each problem type.
If you are looking for a book where the exercises are real-world, then this book is just right for you. The problems that appear at the ends of the sections are nearly always based on a plausible scenario that someone could face. While this is good, it would have been better if there were at least a few problems where only the numbers are given. This is a way to get the students started before they have to face the "story problem" complex.
I will not be adopting this book for my class. If I were to use it, I would have to provide handouts of specific examples that are less technical than what appears here.

Great for Nursing Students
I highly recommend this textbook for the Statistics requirement in nursing programs.The statistical analyses are pertinent to nurses, and makes the information easier for nurses to understand.Very good textbook!(I made an A in this class, and I am a "math-tard.") ... Read more

Product Description
For a one/two-term business statistics course.Designed for students with a background in basic algebra, this best- selling introduction to statistics for business and economics emphasizes inference, with extensive coverage of data collection and analysis as needed to evaluate the reported results of statistical studies and make good business decisions. It stresses the development of statistical thinking, the assessment of credibility and value of the inferences made from data-both by those who consume and those who produce them-and features numerous case studies, examples, and exercises, all drawing on real business situations and recent economic events. ... Read more

Customer Reviews (4)

Tons of Mistakes
Just a quick note... This book is filled with reference mistakes and inconsistencies.Trying to study for a test, and I'm frustrated with trying to figure out what this book is saying. C'mon guys, this is the 8th edition!!

Very mediocre textbook
Two things amaze me about this book:
#1 This book is in it's eigth edition
#2 Prentice Hall actually published this book

Wow I can't believe quality control at Prentice Hall allowed this one to slip through.It has no proof anywhere, rather it just throws equations at the reader and tries to convince the reader through examples.Several key probability and statistics concepts are no where present in this book.I was able to fill in the gaps through prior experience.I think the author must have assumed a very low mathematical capability of the reader which is strange because both business and economics get very mathematical.The data exercises are for the most part uninteresting.Also my copy has serious printing errors on several pages and the binding is weak.

Mediocre entre to statistical analysis
I used the 7th Edition in a graduate course in statistics and was frustrated both by the text's poor organization and its failure to present key statistical concepts clearly. I had to resort frequently to other sources to clarify topics that were poorly presented in the Prentice Hall text, and tended to find much simpler explanations outside of the text. The problem sets are particularly troublesome, as many of them do not appear to relate to the section in which they are contained and insufficient explanations are offered in the answer key. I recommend you look elsewhere.

Totally unnecessary
After buying the seventh and the eighth edition of Statistics for Businessand Economics.The two are pretty much the same.So, save your money, andfight back the publishing company by not purchasing this book. ... Read more

Product Description
Providing an introduction to modern data analysis techniques, these casebooks can be used as the primary or secondary text for elementary business statistics courses. Statistics has the reputation of being a boring, complicated, and confusing mix of mathematical formulas accompanied by computers used to do something. This casebook nad its companion volume Business Analysis Usuing Regression change that impression by showing how statistics gives insights and ansswers interesting business questions. The material is organized into classes of related case studies that develop a single key idea of statistics. The authors begin by discussing an application that motivates the key idea. Students are then shown how to analyze a data set. The emphasis of the analysis is to answer important business questions with statistics rather than talk about statistics. Basic Business Statistics introduces ideas often not emphasized in elementary texts such as issues of robustness, the use of transformations to simplify problems, sampling bias, confounding, kernel density, quality control, and scatterplot matrices. Business Analysis with Regression includes a discussion of scatterplot smoothing, prediction intervals for new observations, collinearity, logistic regression, nonlinear models, and multiple comparisons in regression. The text includes directions for data analyses with JMP and an appendix with Minitab commands. Professors Dean P. Foster, Robert A. Stine, and Richard P. Waterman are members of the Department of Statistics at the Wharton School, University of Pennsylvania.

"The manuscripts are divided into "classes" which tackle various statistical concepts. Material becomes increasingly complex as the data in later sections exhibit multiple deviations from ideal conditions. The casebooks use a combination of explanatory text and software output to guide the student. Almost no mathematics appears in these volumes; the authors make traditional texts available to their students who are curious about the technical details...I anticipate students will wholeheartedly endorse the FSW casebooks. The material is easy to digest as, for instance, the authors cleverly interweave probability, the standard error of the mean, and control charts. The casebooks effectively relay the message that statistics is relevant and doable. Ideally, that is the message that should be sent in all introductory business statistics courses." Marlene Smith, University of Colorado-Denver ... Read more

Customer Reviews (2)

Basic Business Stats Case Book
The publication date on this casebook is about a decade ago and originally the data for the cases came in a format not easily used after download.They may have been updated to a more modern format but I was not successful in opening them.

Good for intro to statistics for MBAs
This book is the book we use in our pre-term statistics class in the MBA program at Wharton.It is written by three Wharton stats professors.It is easy to read, but should used in conjunction with a statistical software program such as JMP.It is NOT a book for people trying to learn statistical formulae, etc. as this book focuses on concepts and using statistical software for analysis.There is a second book, used in the regular statistics class at Wharton, called "Business Analysis Using Regression" by the same authors for those who are comfortable with the concepts in this book. ... Read more

Product Description
This title includes goals, a 2 to 4 page chapter review, glossary, step-by-step solved problems, boxed drill exercises (with answers at end of study guide), and a chapter assignment including multiple choice questions, fill-in-the-blank, and open ended problems, all in a "tear out" and turn in format. ... Read more

Customer Reviews (1)

Statistical Techniques in Business & Economics Study Guide
This book was received in a timely manner and in excellent condition.It has also met my expectations for what I needed. ... Read more

Product Description
Since the late nineteenth century, the "cost of living" has been a prominent part of debates about American political economy. By the early twentieth century, that prominence had taken a quantitative turn, as businessmen, unions, economists, and politicians all turned to cost-of-living statistics in their struggle to control and reshape the American economy. Today, the continuing power of these statistics is exemplified by the U.S Consumer Price Index, whose fluctuations have enormous consequences for economic policy and the federal budget (including the allocation of hundreds of billions of dollars annually through cost-of-living escalator clauses in programs such as Social Security).In this book, Stapleford interweaves economic theory with political history to create a novel account of the quantitative knowledge that underpins much of American political economy. Demonstrating that statistical calculations inevitably require political judgments, he reveals what choices were made in constructing and using cost-of-living statistics and why those choices matter both for our understanding of American history and for contemporary political and economic life. ... Read more

Product Description
This volume will help you recapture the statistics theory you once learned, but has since faded away. The first of the book's two main parts reviews essential statistical concepts. In addition to basic topics, part II is an alphabetical reference section and extensive appendices which include statistical tables for normal, Chi-Square, t, and F distribution, information on doing statistical calculations with both computer software and your calculator, and much more. This teach-yourself refresher course can also be used as a supplementary text by students currently enrolled in a statistics course. ... Read more

Customer Reviews (4)

Excellent stats primer
This is an outstanding book for any professional that finds himself immersed if not overwhelmed by an increasingly quantitative world.This book provides you an excellent foundation in basic statistics that can readily allow you to build upon by studying more advanced stats if you care to.Thus, this book is a good stepping stone for Intuitive Biostatistics if you want to easily deepen your knowledge of statistics and care to understand better medical studies.

The book is subdivided in two parts.The first part teaches you the basics.The second part is a good reference section often covering some more advanced material.

I also recommend the other two books in this "Forgotten" series if you care to refresh other math areas: Forgotten Algebra and Forgotten Calculus.

Excellent Supplemental Text to a variety of stats courses!
Like most students,I was not looking forward to my Introductory Statistics course. However, knowing that I had to do it I made certain to purchase several supplemental texts to aid in clarification when the textbook failed to do so. Although the title says 'Forgotten Statistics' it does serve as an aid to those who are entirely new to the subject as it presents the concepts in a logical fashion( the book is divided in two sections one for concepts and problems the other with definitions). This book has remained in my backpack the entire semester. So much, in fact, that I find myself going over problems during my liesure time. This book has served me rather well. It has not required lots of additional time in learning and problem solving. My GPA and I are happy about that.

Statistics: More Interesting The Second Time Around
This is an excellent refresher for Statistics, laid out logically and with ideas clearly illustrated graphically.Published by Barron's, these"Forgotten" books are nicely oriented toward the professional whoneeds to brush up on a subject in order to make competent decisions andcommunicate intelligently.

"Statistics and Probability" isone of those amazing sciences that we take for granted from childhood, butthe more we think about it (as we get older, regrettably), it begins todawn on us that this is the catalyst of many mysterious processes, such asthe forces of life overcoming entropy.Science has rather recentlydiscovered that there is really no such thing as "randomness",with the advent of Chaos Theory bringing down the walls of the last bastionof that idea.Statistics and Probability then become the focus of means bywhich some form of Higher Intelligence manages to do its business under ournoses without us having a clue as to its presence!

Just the Facts, Mam
This review book is formated in such a way that I can actually help my child with homework. I go directly to the section she's learning, and can quickly review the section that's current to her learning needs.She and Ican do the reviews together and this wouldn't be possible without thisbook. I especaily like that I don't have to refer to hundreds of pagesbefore being able to help my child. ... Read more

Product Description
This textbook emphasizes the applications of statistics and probability to finance.Students are assumed to have had a prior course in statistics, but no background in finance or economics.The basics of probability and statistics are reviewed and more advanced topics in statistics, such as regression, ARMA and GARCH models, the bootstrap, and nonparametric regression using splines, are introduced as needed.The classical methods of finance such as portfolio theory, CAPM, and the Black-Scholes formula are covered, and there is an introduction to the somewhat newer area of behavioral finance.Applications and use of MATLAB and SAS software are stressed.

The book course serve as a text in courses aimed at advanced undergraduates and masters students in statistics, engineering, and applied mathematics as well as quantitatively oriented MBA students.It could also be used for self-study by those in the finance industry wishing to know more statistics. ... Read more

Customer Reviews (6)

Amit
A must have book for anybody looking to learn statistics as applied to finance. Explainations are as elaborative as provided in other great books like Hull and Neftci. I strongly recommend this book!

Great book!
I am a post graduate student in Finland. I've been trying to find a suitable book which would take me a step further after Luenberger's Investment Science (Cochrane's book is a too large leap for me). This excellent book which does just that. It covers interesting topics such as Michaud's resampling, volatility surfaces and interest rate models. The treatment of various topics is rather short though. However, after each chapter Ruppert has a bibliography where he recommends additional reading for each subject.

Text is extremely readable and even though I am not in MIT like some reviewers (possibly meaning that I might not be that smart) I found the text easy to understand and the examples in the book really help to elaborate the text. If you want some light reading that tells you a little about a lot, this is the book for you.


In addition, you can find some nice R code for the book which a little bit of googling.

Avoid Like Michael Jackson at a Chuck E. Cheese
Ruppert tries to cover too many topics in too few pages. As a result, the treatment of topics is perfunctory at best, and the exercises are almost nonexistent. If you really want to learn the material, look at the table of contents, and for each chapter, buy a separate textbook.

great book, especially for statisticians
This book is an ambitious and unique combination of stat and finance - and because of the very close relationship of the two areas, this book is excellent and useful for 1) statisticians who want to learn financial modeling; and 2) financial analysts who need to understand the underlying stat concepts at a relatively advanced level. It is generally well-written and the author provides clear explanation on many finance theories.

a good new book
an interesting and authoritative perspective on many things of practical interest in asset management ... Read more

Product Description
This book describes the basis, application, and interpretation of statistics, and presents a wide range of univariate and multivariate statistical methodology. The Second Edition retains the unique feature of being written from the users' perspective; it connects statistical models and methods to investigative questions and background information, and connects statistical results with interpretations in plain English. In keeping with this approach, methods are grouped by usage rather than by commonality of statistical methodology. ... Read more

Customer Reviews (1)

Excellent for Quantitative Computer Science Research!
Finally a good and thorough book on statistical methods. Most of the books I've investigated are either of the traditional mathematical style (which are strong on probability theory, weak on methods), or guides to quantitative research in social sciences (which are usually quite "lightweight" and a bit off-track for computer scientists). This book gives very good explanations on when to choose which distribution and experimental setup based on the nature of your problem.

This book is suitable for:
1. those who are using quantitative methods in their research
2. those who felt they had a good grasp on calculating probability and statistics, but never got a grasp on when to use which statistical methods and setting up statistical experiments. ... Read more