The objective of this course is to introduce the basic ideas and methods of statistical inference and the practice of statistics, including methods and theory of estimation, quantifying uncertainty, Bayesian inference, and hypothesis testing. The statistical package R will be introduced. This package is used throughout the MSCF curriculum. Mathematical statistical theory will be supplemented by simulation and data analysis methods to illustrate the theory. This course will provide a solid foundation for subsequent MSCF courses in statistics. Required text: Statistics and Data Analysis for Financial Engineering by David Ruppert, 2011.
Lecture: 100min/wk and Recitation: 50min/wk