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Data Analysis (Statistics 3022), Lecture notes of Financial Statement Analysis

Information about the course Data Analysis (Statistics 3022) offered in the Fall Semester, 2013. The course is an introduction to modern statistical methods and software. information about the class schedule, the professor, teaching assistant, course objectives, prerequisites, course requirements, and academic integrity. The course requires students to have an elementary understanding of the basic concepts of probability and statistics. The course requirements include weekly readings, homework assignments, and exams. The document also provides information about the necessary tools to perform the analysis in the R statistical programming environment.

Typology: Lecture notes

2012/2013

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Data Analysis (Statistics 3022)
Zack W. Almquist
Fall Semester, 2013
Class Schedule
Lecture: MWF 11:15–12:05 Phys 166
Lab 16410: Tu 12:20–1:10 FordH 110
Lab 16411: Tu 2:30–3:20 FordH 110
Lab 21412: Tu 11:15–12:05 FordH 110
Class Website
URL: http://moodle.umn.edu
Note: Requires UMN login and registration in class to access.
Professor
Name: Zack W. Almquist
Office: 372 Ford Hall
Office Hours: F 10:00-11:00 AM
Email: almquist@umn.edu
Telephone: 612-624-4300
Teaching Assistant
Name: Yang Yang
Office: 313 Ford Hall
Office Hours: TU 1:10-2:10PM & 3:30-5:30PM
Email: yang3175@umn.edu
Course Objectives
This course is an introduction to modern statistical methods and software. Here, we will
focus first on classic statistical hypothesis testing (e.g., t-test), and then continue on to
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Data Analysis (Statistics 3022)

Zack W. Almquist

Fall Semester, 2013

Class Schedule

Lecture: MWF 11:15–12:05 Phys 166 Lab 16410: Tu 12:20–1:10 FordH 110 Lab 16411: Tu 2:30–3:20 FordH 110 Lab 21412: Tu 11:15–12:05 FordH 110

Class Website

URL: http://moodle.umn.edu Note: Requires UMN login and registration in class to access.

Professor

Name: Zack W. Almquist Office: 372 Ford Hall Office Hours: F 10:00-11:00 AM Email: almquist@umn.edu Telephone: 612-624-

Teaching Assistant

Name: Yang Yang Office: 313 Ford Hall Office Hours: TU 1:10-2:10PM & 3:30-5:30PM Email: yang3175@umn.edu

Course Objectives

This course is an introduction to modern statistical methods and software. Here, we will focus first on classic statistical hypothesis testing (e.g., t-test), and then continue on to

various model based methods of analysis (e.g., the linear and generalized linear models). All mathematical and statistical concepts covered in this course will be paralleled with the necessary tools to perform the analysis in the R statistical programming environment.

Prerequisites

STAT 3011, STAT 3021 or equivalent; students are assumed to have an elementary under- standing of the basic concepts of probability and statistics. English language proficiency appropriate to an upper-division university class is assumed.

Course Requirements

Computers

It is not required that students bring their laptops to lecture and lab (if one is owned), but it is highly recommended since both lecture and lab will make extensive use of the computer software R. Computer labs are available on campus, please consult with the TA if you have trouble finding the various locations that computer labs reside on campus.

Readings

Weekly readings are assigned on the course syllabus. All readings are assumed to be completed before each lecture.

Homeworks

There will be weekly homework assignments. These homework assignments will be a combi- nation of problem solving exercises, computer based exercises and comprehension exercises. The purpose of the homeworks are two fold: first to review the concepts covered in class and second to test mastery of these of concepts.

Unless announced otherwise, homeworks will be made available on Wednesday and due the next Wednesday at 5:00 through Moodle. Homeworks will be graded on combination of completeness (i.e., problems attempted) and correctness (i.e., problems completed cor- rectly).

ONLY the version of homework reports turned in through Moodle will be accepted. No late homework will be accepted. The lowest homework grade will be dropped for the final grade calculation.

Lectures, readings, labs, and review sessions are provided for each student’s benefit. It is the responsibility of the student to take advantage of these opportunities to acquire and demonstrate mastery of course material, so as to achieve his or her desired grade.

Letter grade assignment

A 93%+ A- 90-92.99% B+ 87-89.99% B 83-86.99% B- 80-82.99% C+ 77-79.99% C 73-76.99% C- 70-72.99% D 60-69.99% F <59.99%

Required Texts

Fred Ramsey and Dan Schafer (2013), The Statistical Sleuth (3rd Edition). ISBN-10: 1-133-49067-0 — ISBN-13: 978-1-133-49067-8.

Required Software

We will be using the R statistical programming language. R can be downloaded at http: //www.r-project.org/.

Recommended Software

RStudio IDE (Integrated Development Environment) is a software application which fa- cilitates interaction with the R statistical programming language. It is often preferred to the GUI (Graphic User Interface) made available through CRAN. You can download it at http://www.rstudio.com/.

Course Policies

Missed Exam

Exams can be made up for legitimate (documented) absences, such as varied illness with a letter assigned by a physician, jury duty, military service, and religious observances. If you

must miss the exam for legitimate reasons, you have to CONTACT THE INSTRUCTOR AT LEAST ONE WEEK BEFORE THE TIME OF THE EXAM. In that case, makeup exams may be arranged to be taken any time before the exam is returned to the class. If you have a legitimate reason, but fail to take a makeup exam, an incomplete may be granted. If you miss any exam without legitimate reason, you will receive a zero for that exam. Note that social/vacation plans are not legitimate reasons for missing an exam.

Incompletes

An incomplete will only be given if: The student has a documented case of extreme hard- ship. The student has, up until the point of the request, been completing coursework and exams. The student’s average at the point of the request is a 70% or above. If these conditions are met, the student must request the incomplete from the instructor and it is still within the instructor’s rights to refuse the request. The student who is granted an incomplete must take the initiative to finish the course or the grade will revert to an F.

Academic Integrity

From the OSCAI Website: Student Academic Integrity and Scholastic Dishonesty Aca- demic integrity is essential to a positive teaching and learning environment. All students enrolled in University courses are expected to complete coursework responsibilities with fairness and honesty. Failure to do so by seeking unfair advantage over others or misrepre- senting someone else?s work as your own, can result in disciplinary action. The University Student Conduct Code defines scholastic dishonesty as follows:

Scholastic Dishonesty: Scholastic dishonesty means plagiarizing; cheating on assignments or examinations; engaging in unauthorized collaboration on aca- demic work; taking, acquiring, or using test materials without faculty permis- sion; submitting false or incomplete records of academic achievement; acting alone or in cooperation with another to falsify records or to obtain dishonestly grades, honors, awards, or professional endorsement; altering forging , or mis- using a University academic record; or fabricating or falsifying data, research procedures, or data analysis.

Within this course, a student responsible for scholastic dishonesty can be assigned a penalty up to and including an “F” or “N” for the course. If you have any questions regarding the expectations for a specific assignment or exam, ask.

In addition, I will file a claim with OSCAI if I have evidence of cheating. I understand that people often end up in difficult situations beyond their control, but these situations are no excuse for scholastic dishonesty. If you find yourself in a difficult situation, please come talk to me about options for the course. I will keep all conversations confidential.

Course Outline: Readings and Exams

Week 1 : Univariate statistics and hypothesis tests: Z-test, t-test and CI

  • Reading: 1-2.2. Week 2 : Two-sample t-test, p-value and Type 1 and Type 2 error
  • Reading: 2.3-3.4 and 3.5.1-3.5. Week 3 : Comparisons among several samples (ANOVA)
  • Reading: 5.1-5.3, 5.5, 5.6.1; 6.1-6. Week 4 : Comparisons among several samples continued
  • Reading: 6.3-6.5.2; 6.
  • Midterm # Week 5 : Linear regression
  • Reading: 7.1-7.4.3, 7.5-7.6; 8.1-8.5.2, 8.6.1, 8.6.2, 8.6.4; 9.1-9.2, 9. Week 6 : Linear regression: Inference
  • Reading: 9.3-9.4; 10.1-10.3, 10.4.1, 10. Week 7 : Linear regression: Model checking and variable selection
  • Reading: 11.1-11. Week 8 : Linear regression: Model checking and variable selection continued
  • Reading: 12.1-12. Week 9 : Analysis of variance for two-way classification
  • Reading: 13.1-13.4.3, 13.5. Week 10 : Introduction to time-series: Autocorrelation
  • Reading: 15.1-4, 15.
  • Midterm # 2 Week 11 : Odds ratio
  • Reading: 18.1-18. Week 12 : Introduction to count data
  • Reading: 18.4; 19.1-19. Week 13 : Logistic regression
  • Reading: 19.6; 20.1-20. Week 14 : Logistic regression continued
  • Reading: 20.4-20.6; 21.1-21. Week 15 : Review Week 16 : Final Exam

Calendar

Monday Tuesday Wednesday Friday Sep 2nd 1 3rd 2 LAB

4th 3 6th 4

9th 5 10th 6 LAB

11th 7 homework 1 due

13th 8

16th 9 17th 10 LAB lab 1 due

18th 11 homework 2 due

20th 12

23rd 13 24th 14 LAB lab 2 due

25th 15 homework 3 due

27th 16 Midterm # 1

30th 17 Oct 1st 18 LAB

2nd 19 4th 20

7th 21 8th 22 LAB lab 3 due

9th 23 homework 4 due

11th 24

14th 25 15th 26 LAB lab 4 due

16th 27 homework 5 due

18th 28

21st 29 22nd 30 LAB lab 5 due

23rd 31 homework 6 due

25th 32

28th 33 29th 34 LAB lab 6 due

30th 35 homework 7 due

Nov 1st 36

4th 37 5th 38 LAB lab 7 due

6th 39 homework 8 due

8th 40 Midterm # 2

11th 41 12th 42 LAB

13th 43 15th 44

18th 45 19th 46 LAB lab 8 due

20th 47 homework 9 due

22nd 48