COURSES

Statistics and Econometrics

Background
The complexities of international transport and global maritime supply chains and the formulation of related policies often require analysis and decision making through advanced modeling and related tools. Applications of statistical methods and tools need to be emphasized in order for the managers to solve real business problems. It is also vital to be able to identify the correct statistical technique by focusing on the problem objective and data type. “Statistics and Econometrics” is one of the courses with which MEL students are trained in necessary quantitative skills to address maritime related problems.

Objectives
The objectives of this course are to enhance the students’ comprehension and practical skills by using data-driven examples, exercises and cases that cover the various functional areas of maritime business. In addition, this course aims to prepare a common platform and refresh the students’ knowledge and tools that are necessary for the Core Courses.

Recommended reading

• Keller, G. & Warrack, B "Statistics for Management and Economics", 8th ed., London Prentice-Hall, 2008

• Keller, G. "Managerial Statistics", 8th ed., 2008

• MacClave, James "Statistics for business and economics", 9th ed., 2007

• Bradley, Teresa "Essential statistics for economics business and management", 2007

• Lind, Douglas "Basic statistics for business and economics", 5th ed., 2006