Statistics in Business and Economy

Statistics can help you to earn money! So called econometric models are in fact an application of statistics in economic science. We provide different help in that area:

• Time series analysis (ARCH, GARCH, ARIMA, …)
• Forecasting
• Input-output models
• Optimization methods
• Neural networks
• Classification methods (PCA, CA, CART, random forrests)
• Factor analysis

See also our course: Statistics in economy.