Bari, Italy

Statistics and Methods for Economics and Finance

Statistica e metodi per l'economia e la finanza

Master's
Language: ItalianStudies in Italian
Subject area: mathematics and statistics
University website: www.uniba.it
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
Although its evolution in the United States differed markedly from that of applied mathematics, statistics, too, benefited from the presence of the emigres and from the overall war effort. After a protracted period of professional differentiation from the social scientists and from the social sciences, mathematical statisticians had formed their own society, the Institute of Mathematical Statistics (IMS), in 1935. By 1938, the IMS had also taken over responsibility for the Annals of Mathematical Statistics, a journal that had been founded in 1929 to serve the needs of the more mathematically and theoretically inclined statistical practitioners. Thus, when refugees like Neyman, William Feller, Mark Kac, and Abraham Wald took up positions in the United States at Berkeley, Brown, Cornell, and Columbia, respectively, they were able to participate in a young, but viable, community of mathematical statisticians.
Karen Hunger Parshall, "Perspectives on American Mathematics", Bulletin of the American Mathematical Society (2000) 37: 381–405.
Statistics
There are two kinds of statistics, the kind you look up and the kind you make up.
Archie Goodwin, in Rex Stout's Nero Wolfe novel Death of a Doxy (1966)
Finance
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449
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