Statistics for Business and Financial Economics

By John C. Lee, Alice C. Lee, Cheng-Few Lee

Statistics for Business and Financial Economics, 3rd edition is the definitive Business Statistics book to use Finance, Economics, and Accounting data throughout the entire book. Therefore, this book gives students an understanding of how to apply the methodology of statistics to real world situations. In particular, this book shows how descriptive statistics, probability, statistical distributions, statistical inference, regression methods, and statistical decision theory can be used to analyze individual stock price, stock index, stock rate of return, market rate of return, and decision making. In addition, this book also shows how time-series analysis and the statistical decision theory method can be used to analyze accounting and financial data. In this fully-revised edition, the real world examples have been reconfigured and sections have been edited for better understanding of the topics. On the Springer page for the book, the solution manual, test bank and powerpoints are available for download.

• Format: Hardcover
• Language: English
• ISBN: 146145896X
• ISBN13: 9781461458968
• Release Date: March 2013
• Publisher: Springer
• Length: 1206 Pages
• Weight: 4.15 lbs.
• Dimensions: 2.6" x 6.2" x 9.4"

Customer Reviews

It's a good text book.

The authors do a very good job for writing this book, especially for some students who don't really have mathematical background. It's very easy to understand what is the authors purpose. I recommend this book.

Excellent for MSF, MBA and Undergraduate Students

I used the first edition this book teaching financial econometrics at a university in Boston. The text is an excellent beginning book in statistics at the undergraduate and the MBA and MSF levels. For my advanced students I covered the chapters on analysis of variance and chi-square tests, simple regression analysis and correlation coefficent, multiple regression analysis, other topics in applied regression analysis, nonparametric statistics and time series analysis including forecasting. The statistical theories showed the mathematical derivations, often in appendices, yet included easy to follow numerical examples which students appreciated very much. The first edition was one of the first statistics books with particular attention paid to appllications using corporate finance, investment and banking data.The only shortcomings dealt with typographical errors found in several places, and solution errors in the accompanying instructors' manual. Overall, an excellent statistics book for the first-timer and a worthy addition to the library of a specialist, especially one with a financial perspective.

a fairly easy book

Hi, When I try to look into the table contents of this book, I found it is for beginners of statistics only. Unless you are entry level of this area, I suggest you to buy some other books together.