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Statistical Review Measures of Central Location
SALARY.XLS ,[object Object],[object Object]
The Mean ,[object Object],[object Object],[object Object],[object Object]
The Median ,[object Object],[object Object],[object Object]
The Median -- continued ,[object Object],[object Object],[object Object]
The Median -- continued ,[object Object],[object Object]
The Mode ,[object Object],[object Object],[object Object]
The Mode
SHOES.XLS ,[object Object],[object Object]
The Mode ,[object Object],[object Object]
Why is the mode relevant here? ,[object Object]
Computing the Mode in EXCEL ,[object Object],[object Object],[object Object]
Distribution of Shoe Sizes
Measures of Variability: Variance and Standard Deviation
[object Object],[object Object],[object Object],OTIS4.XLS
Which should Otis prefer? ,[object Object],[object Object]
Explanation ,[object Object],[object Object]
Variance ,[object Object],[object Object],[object Object]
More on the Variance ,[object Object],[object Object],[object Object]
Standard Deviation ,[object Object],[object Object],[object Object]
Computing Variance and Standard Deviation in Excel ,[object Object],[object Object]
Computing Variances & Standard Deviations -- continued ,[object Object],[object Object],[object Object]
Interpretation of the Standard Deviation ,[object Object],[object Object]
Interpretation of the Standard Deviation: Rules of Thumb
DOW.XLS ,[object Object],[object Object],[object Object]
Rules of Thumb ,[object Object],[object Object],[object Object],[object Object]
Index Time Series Plot ,[object Object],[object Object],[object Object]
Time Series Plot of Dow Closing Index
Time Series Plot of Dow Returns
Return Time Series Plot ,[object Object],[object Object],[object Object]
Rules of Thumb for Dow Jones Data
Returns -- continued ,[object Object],[object Object],[object Object]
Creating the Frequency Table ,[object Object],[object Object],[object Object]
Frequency Table continued ,[object Object],[object Object]
Obtaining Summary Measures with Add-Ins
SALARY.XLS ,[object Object],[object Object],[object Object]
Summary Statistics ,[object Object],[object Object],[object Object]
Available Summary Measures
About the Measures ,[object Object],[object Object],[object Object]
About the Measures -- continued ,[object Object],[object Object],[object Object]
About the Measures -- continued ,[object Object],[object Object]
Measures of Association: Covariance and Correlation
EXPENSES.XLS ,[object Object],[object Object],[object Object]
Covariance and Correlation ,[object Object],[object Object],[object Object]
Determining Linear Relationships ,[object Object],[object Object]
Table of Correlations and Covariances ,[object Object]
Relationships ,[object Object],[object Object],[object Object]
Scatterplot Indicating Positive Relationship
Scatterplot Indicating Negative Relationship
Correlation and Covariance Properties ,[object Object],[object Object],[object Object],[object Object]
Correlation and Covariance Properties -- continued ,[object Object]
Describing Data Sets with Boxplots
DOW.XLS ,[object Object],[object Object]
Boxplots ,[object Object],[object Object],[object Object]
Creating Boxplots ,[object Object],[object Object],[object Object]
Boxplot Chart
Boxplot Summary Measures
Keys to Understanding Boxplots ,[object Object],[object Object]
Keys to Understanding Boxplots -- continued ,[object Object],[object Object]
Dow Returns Boxplot ,[object Object],[object Object],[object Object]
Describing Data Sets with Boxplots
ACTORS.XLS ,[object Object],[object Object]
Side-by-Side Boxplots ,[object Object],[object Object],[object Object]
Side-by-Side Boxplots -- continued ,[object Object],[object Object],[object Object]
Creating a Side-by-Side Boxplot ,[object Object],[object Object],[object Object],[object Object],[object Object]
Actor Data in Stacked Form
Side-by-Side Boxplot Chart
Reading the Boxplot ,[object Object],[object Object],[object Object],[object Object],[object Object]
Applying the Tools
Background Information ,[object Object],[object Object],[object Object]
RECEIVE.XLS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Analysis -- continued ,[object Object],[object Object]
Analysis -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary Measures for Combined Data
Histogram of All Amounts Owed
Scatterplot of Amount versus Days for All Customers
Summary Measures Broken Down by Size
Histogram for Small Customers
Histogram of Amount for Medium Customers
Histogram of Amount for Large Customers
Boxplots of Days Owed by Different Size Customers
Boxplots of Amounts Owed by Different Size Customers
Scatterplot of Amount versus Days for Small Companies
Scatterplot of Amount versus Days for Medium Companies
Scatterplot of Amount versus Days for Large Companies
Analysis -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
More Analysis ,[object Object],[object Object],[object Object],[object Object]
More Analysis - -continued ,[object Object],[object Object],[object Object],[object Object]
Pivot Tables for Counts of Customers Who Owe More than $500
More Analysis -- continued ,[object Object],[object Object],[object Object]
More Analysis -- continued ,[object Object],[object Object]
More Analysis ,[object Object],[object Object],[object Object]
More Analysis -- continued ,[object Object]
More Analysis -- continued ,[object Object]
Findings ,[object Object],[object Object],[object Object]
Applying the Tools
Background Information ,[object Object],[object Object],[object Object]
CHECKOUT.XLS ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],CHECKOUT.XLS  -- continued
The Data
Analysis Information ,[object Object],[object Object],[object Object]
Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Time Series Plot of Initial Waiting and Arrivals Variables
Analysis -- continued ,[object Object]
Analysis -- continued ,[object Object],[object Object],[object Object]
Analysis - continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Average Initial Waiting by Hour of Day
Analysis -- continued ,[object Object],[object Object]
Average Arrivals by Time Interval of Days
More Analysis ,[object Object],[object Object],[object Object]
Scatterplot of Checkers versus Total Customers
Scatterplot of End Waiting versus Checkers
More Analysis -- continued ,[object Object],[object Object],[object Object]
More Analysis - continued ,[object Object],[object Object]
Conclusions ,[object Object],[object Object]
Applying the Tools
Background Information ,[object Object],[object Object],[object Object]
CATALOGS.XLS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CATALOGS.XLS  -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Analysis Desired ,[object Object],[object Object],[object Object]
Analysis ,[object Object],[object Object],[object Object]
Scatterplot of Amount Spent versus Salary
Analysis -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
Scatterplot of Amount Spent versus Catalogs
Scatterplot of Amount Spent versus Children
More Analysis ,[object Object],[object Object],[object Object]
Percent of Home Owners versus Age, Married and Gender
More Analysis -- continued ,[object Object],[object Object],[object Object]
Percent of Married versus Age, OwnHome and Gender
Average Salary versus Age, Gender, Married and OwnHome
More Analysis --continued ,[object Object],[object Object]
Percentages in History Categories versus Children and Close
More Analysis -- continued ,[object Object],[object Object],[object Object],[object Object]
Catalog Distribution versus History
More Analysis -- continued ,[object Object],[object Object]
Average Amount Spent versus History, Catalogs and Demographic Variables
More Analysis -- continued ,[object Object],[object Object],[object Object]

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Lecture2 Applied Econometrics and Economic Modeling