Mathematical Statistics for Economics and Business

Book Details

• Publisher: Springer

• Author: Mittelhammer, Ron C.

• Language: English

• Edition: 2nd ed. 2013

• ISBN: 9781489989505

• Pages: 755

• Binding: Paperback

• Release Date: 02-04-2015

About The Book

"Mathematical Statistics for Economics and Business, Second Edition" offers a thorough introduction to the fundamental principles of mathematical statistics, essential for statistical analysis in economics, business, and econometrics. Designed for students, this textbook lays a conceptual foundation, equipping readers with the knowledge needed to understand statistical applications in these fields.

The book begins with core topics such as probability, random variables, and probability density functions, progressing into the key concepts of mathematical statistics like expectation, sampling, and distributions. The second half focuses on estimation and hypothesis testing, providing a wealth of examples and problems to demonstrate their practical application in economics and business.

The second edition includes significant updates, including reorganized content for easier comprehension, additional relevant topics, simplified notation for multiple integration and summation, and updated examples. Furthermore, it offers a downloadable Student Answer Manual with detailed solutions to half of the over 300 problems, a comprehensive Instructor’s Manual, and a theorem and definition map for easy reference.

This book is perfect for graduate students as well as advanced undergraduates beginning their studies in mathematical statistics and econometrics. With clear explanations and a focus on practical applications, it serves as a crucial resource for anyone looking to deepen their understanding of statistical methods in business and economics.