Some vocabulary and equations from my Spring 2015, ECO 351 - Business Statistics II course at UNCG
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Standardized random variable
Statistic
Sampling distribution
Population standard deviation
Probability Density Function
Hypothesis
Null hypothesis H0
Alternative Hypothesis HA
Regression Analysis
Stochastic Error Term
Ordinary Least Squares (OLS)
Multivariate Regression Coefficient
Estimator
Estimate
6 Steps to Hypothesis Testing
Explain the difference between µ and X ̅.
What is the difference between an estimator and an estimate? Give an example of each.
Equation to Calculate Beta Hat 1
Equation to Calculate Beta Hat 0
TSS = RSS + ESS
R^2 represents what value?
Formula to Calculate R^2
Formula to Calculate Rbar^2
Total Sum of Squares
Explained Sum of Squares
Residual Sum of Squares
The Simple Correlation Coefficient, r
Degrees of Freedom
R ̅^2
Unbiased Estimator
Six steps of Applied Regression Analysis
3 components of specifying a model
Specification Error
dummy variable
Priors
Outlier
