Probability and statistics for economics

Younmiao Hong

Probability and statistics for economics by Younmiao Hong - Singapore World Scientific 2018 - xiii, 577 pages; illustrations: 24 cm.

1 Introduction to Probability an...1
2 Foundation of Probability Theory15
3 Random Variables and Univariat...67
4 Important Probability Distribu...151
5 Multivariate Probability Distr...195
6 Introduction to Sampling Theory299
7 Convergences and Limit Theorems351
8 Parameter Estimation and Evalu...401
9 Hypothesis Testing463
10 Classical Linear Regression497
11 Conclusion557
Bibliography565

Probability and Statistics have been widely used in various fields of science, including economics. Like advanced calculus and linear algebra, probability and statistics are indispensable mathematical tools in economics. Statistical inference in economics, namely econometric analysis, plays a crucial methodological role in modern economics, particularly in empirical studies in economics.

This textbook covers probability theory and statistical theory in a coherent framework that will be useful in graduate studies in economics, statistics and related fields. As a most important feature, this textbook emphasizes intuition, explanations and applications of probability and statistics from an economic perspective.

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Probability & Statistics

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