|Section Title:||Analyzing Government Economic Statistics|
|Course:||P A 397C - Applied Quantitative Analysis II|
|Day & Time:||Thursdays, 9:00 AM - 12:00 PM|
|Waitlist Information:||For LBJ Students: UT Waitlist Information|
|Notes:||Moves to SRH 3.330A on 1/27|
Description: This is a user-friendly course in applied statistics in which estimates of economic activity including national income estimates, employment survey data, and financial data will be described. Procedures will be presented for transforming time series data to meaningful measures for comparison purposes, such as indexes and rates of change, and for preparing graphs of these series. Applied methods of calculating compound interest and estimating yields and present values from finite and perpetual payment streams will be presented. Regression analysis will be described taking into account problems associated with periodicities and trends in the variables. Control problems that occur when a variable is under the control of the government will be addressed. Simple filtering, white noise series applications, and tests for measuring leads and lags between variables will be presented. Granger causality and cointegration methods will be described. Seasonal adjustment problems and methods will be described including problems arising from some data smoothing procedures.
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