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Probability Essentials ,[object Object],[object Object],[object Object],[object Object],[object Object]
Rule of Complement ,[object Object],[object Object],[object Object],[object Object]
Addition Rule ,[object Object],[object Object],[object Object],[object Object]
Conditional Probability ,[object Object],[object Object],[object Object]
Conditional Probability -- continued ,[object Object],[object Object],[object Object]
Multiplication Rule ,[object Object],[object Object],[object Object],[object Object]
Assessing the Bendrix Situation ,[object Object],[object Object],[object Object]
Assessing -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
Assessing -- continued ,[object Object],[object Object],[object Object],[object Object]
Assessing -- continued ,[object Object],[object Object],[object Object]
Assessing -- continued ,[object Object],[object Object],[object Object]
Probabilistic Independence ,[object Object],[object Object],[object Object]
Probabilistic Independence -- continued ,[object Object],[object Object],[object Object]
Distribution of a Single Random Variable
Background Information ,[object Object],[object Object],[object Object]
Background Information -- continued ,[object Object],[object Object]
Type of Random Variables ,[object Object],[object Object],[object Object]
Discrete Random Variables ,[object Object],[object Object],[object Object]
Summarizing a Probability Distribution ,[object Object],[object Object],[object Object]
MRETURN.XLS ,[object Object],[object Object]
Calculating Summary Measures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Analyzing the Summary Measures ,[object Object],[object Object],[object Object]
Derived Probability Distributions
Background Information ,[object Object],[object Object],[object Object],[object Object],[object Object]
DERIVED.XLS ,[object Object],[object Object]
Derived Distributions of Units Sold and Revenue
Solution ,[object Object],[object Object],[object Object],[object Object]
Solution -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary Measures for Linear Functions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Distribution of Two Random Variables: Scenario Approach
Background Information ,[object Object],[object Object],[object Object]
Background Information -- continued ,[object Object],[object Object]
GMGOLD.XLS ,[object Object]
Relating Two Random Variables ,[object Object],[object Object],[object Object]
The Summary Measures ,[object Object],[object Object],[object Object]
Summary Measures -- continued ,[object Object],[object Object],[object Object]
The Scenario Approach ,[object Object],[object Object],[object Object]
Calculating Covariance and Correlation ,[object Object],[object Object],[object Object]
Calculating Covariance and Correlation -- continued ,[object Object],[object Object],[object Object]
Simulation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Simulation -- continued ,[object Object],[object Object],[object Object]
Simulation of GM and Gold Returns
Portfolio Analysis ,[object Object],[object Object],[object Object],[object Object]
Portfolio Analysis -- continued ,[object Object],[object Object],[object Object]
Portfolio Analysis -- continued ,[object Object],[object Object],[object Object]
Distribution of Portfolio Return
Distribution of Two Random Variables: Joint Probability Approach
SUBS.XLS ,[object Object],[object Object],[object Object]
SUBS.XLS  -- continued ,[object Object],[object Object],[object Object]
Joint Probability Approach ,[object Object],[object Object],[object Object]
Joint Probability Approach -- continued ,[object Object]
Marginal Distributions ,[object Object],[object Object],[object Object],[object Object]
Conditional Distributions ,[object Object],[object Object],[object Object]
Conditional Distributions -- continued ,[object Object],[object Object],[object Object]
Summary Measures ,[object Object],[object Object],[object Object]
Summary Measures -- continued ,[object Object],[object Object],[object Object],[object Object]
Analysis ,[object Object],[object Object],[object Object]
Conditional Distributions of Demand 1 Given Demand 2
Analysis -- continued ,[object Object],[object Object],[object Object],[object Object]
Conditional Distributions of Demand 2 Given Demand 1
Conclusions ,[object Object],[object Object],[object Object]
Assessing Joint Probability Distributions ,[object Object],[object Object],[object Object]
Assessing Joint Probability Distributions -- continued ,[object Object],[object Object]
JTPROBS.XLS ,[object Object]
JTPROBS.XLS ,[object Object],[object Object],[object Object]
Conditional Distributions of Demand 2 Given Demand 1
Independent Random Variables
Background Information ,[object Object],[object Object],[object Object]
Assumptions ,[object Object],[object Object],[object Object],[object Object]
INVNTORY.XLS ,[object Object],[object Object]
Independent & Dependent ,[object Object],[object Object],[object Object]
Joint Distribution of Demands ,[object Object],[object Object],[object Object]
Joint Distribution of Demand -- continued ,[object Object],[object Object]
Calculations
Calculating Mean Revenue -Week 1 ,[object Object],[object Object],[object Object]
Calculating Mean Revenue - Week 1 -- continued ,[object Object]
Calculating Mean Revenue - Week 2 ,[object Object],[object Object],[object Object]
Calculating Mean Revenue - Week 2 -- continued ,[object Object],[object Object],[object Object],[object Object]
Calculating Mean Revenue - Week 2 -- continued ,[object Object],[object Object],[object Object]
Calculating Mean Revenue - Week 2 -- continued ,[object Object],[object Object]
Weighted Sums of Random Variables
INVEST.XLS ,[object Object],[object Object],[object Object]
INVEST.XLS  -- continued ,[object Object],[object Object]
Input Data
Solution ,[object Object],[object Object],[object Object]
Solution -- continued ,[object Object],[object Object]
Solution -- continued ,[object Object],[object Object],[object Object]
Solution -- continued ,[object Object],[object Object],[object Object],[object Object]
Solution -- continued ,[object Object],[object Object],[object Object]
 
Solution -- continued ,[object Object],[object Object],[object Object]

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Lecture3 Applied Econometrics and Economic Modeling