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OIDD 101 Lecture Notes - Lecture 13: Standard Deviation, Q150, Flu Season
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OPIM 101 - Operations & Information Management - Lecture 13: Comparing Alternative Decisions Using Simulations Flu Vaccine Example ● Scenario: The Centers for Disease Control (CDC) estimates that seasonal flu viru...

Operations, Information and Decisions
OIDD 101
Gerard Cachon& Sergei Savin
STAT 101 Lecture Notes - Lecture 24: Market Saturation, Diminishing Returns
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Stat 101 - Introduction to Business Statistics - Lecture 24: Regression R-Squared ● Define R as (r) , that is the sample correlation squared. ● It is sometimes called the Coefficient of Determination, but R ...

Statistics
STAT 101
Richard Waterman
ECON 002 Lecture Notes - Lecture 27: Government Spending, Aggregate Demand
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Econ-002: Macro Economics – Lecture 27 – Aggregate Supply and Demand IV Grades: - 25% Best Midterm + 22% Second Best Midterm + 40% Final Exam + 13* Aplia Score Exam - There will be question from t...

Economics
ECON 002
Luca Bossi
STAT 101 Lecture 25: Curvature
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Stat 101 - Introduction to Business Statistics - Lecture 25: Curvature Diminishing Returns to Scale ● A liquor store company wants to maximize its sales. It has a new wine to sell. It has an alternative pro...

Statistics
STAT 101
Richard Waterman
ECON 002 Lecture Notes - Lecture 26: Money Supply, Business Cycle, Stock Market Crash
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Econ-002: Macro Economics – Lecture 26 – Aggregate Supply and Demand III Using AD & AS to depicit LR Growth and Inflation - In the long run, tech, progress shift to the right - Growth and consumption a...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 25: Aggregate Demand, Microeconomics, Output Gap
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Econ-002: Macro Economics – Lecture 25 – Aggregate Supply and Demand II Three theories of SRAS – Due to imperfections of market (continued) - Sticky wage theory - Sticky price theory - The mispercep...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 23: Exchange Rate, Loanable Funds, Foreign Exchange Market
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Econ-002: Macro Economics – Lecture 23 – Open Economy Part IV Price in the currency exchange context - When real exchange rate increases, net export decreases I.e. when real exchange rate is low, for exa...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 24: Real Business-Cycle Theory, Aggregate Demand, Aggregate Supply
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Econ-002: Macro Economics – Lecture 24 – Aggregate Supply and Demand Fluctuations - Recessions: 2 consecutive period of economic downturn - Economic fluctuations are irregular and unpredictable - Mo...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 21: Real Interest Rate, Capital Outflow, Capital Account
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Econ-002: Macro Economics – Lecture 21 – Open Economy Part II Current Account: - Balance of Payments = current account + capital account = 0 o Capital account = capital inflow – capital outflow ...

Economics
ECON 002
Luca Bossi
ECON 002 Lecture Notes - Lecture 22: Loanable Funds, Market Power, Substitute Good
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Econ-002: Macro Economics – Lecture 22 – Open Economy Part III PPP Implications - If PPP holds, then e = 1 - E = P(foreign)/ P and thus if the two countries have different inflation rates, then E ...

Economics
ECON 002
Luca Bossi
STAT 101 Lecture Notes - Lecture 23: Mean Squared Error
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Stat 101 - Introduction to Business Statistics - Lecture 23: Line of Fit Reasons to fit a line through data ● Graphically summarize ● Interpolate ● Forecast/extrapolate (with caution) ● Mathematica...

Statistics
STAT 101
Richard Waterman
BEPP 250 Lecture Notes - Lecture 23: Kilowatt Hour, Externality
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BEPP 250 - Business & Economic Public Policy - Lecture 23: Externalities Ex) Consider Coal Energy which produces a negative externality of 2 cents per kWh due to global warming. Find the market Equilibrium, Optimal, and ...

Business Econ & Public Policy
BEPP 250
Eduardo Azevedo
STAT 101 Lecture 22: AB Testing
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Stat 101 - Introduction to Business Statistics - Lecture 22: A/B Testing A/B Testing ● Making decisions based on what you know, not just a hunch. Choosing between two options (A & B). ● It has been aro...

Statistics
STAT 101
Richard Waterman
OIDD 101 Lecture Notes - Lecture 12: Negative Relationship, Crystal Ball, X&Y
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OPIM 101 - Operations & Information Management - Lecture 12: Simulation Examples Simulation Modeling Process ● 1. Selecting uncertain parameters ○ Level of uncertainty ○ Sensitivity of result...

Operations, Information and Decisions
OIDD 101
Gerard Cachon& Sergei Savin
STAT 101 Lecture Notes - Lecture 21: Confidence Interval, Statistical Unit, Null Hypothesis
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Stat 101 - Introduction to Business Statistics - Lecture 21: Comparative Analytics (continued) Testing for a difference between two proportions ● Ex) Is there a difference between voluntary turnover between men an...

Statistics
STAT 101
Richard Waterman

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