Join Michael McDonald for an in-depth discussion in this video Using the exercise files, part of Excel: Economic Analysis and Data Analytics.
- [Instructor] In this course we'll be using a variety of Excel files as we go the videos. If you wish to follow along with these exercises you'll want to download the Exercise Files folder to somewhere accessible on your desktop. As you enter the Exercise Files folder, you'll observe that we have a separate folder for each exercise file and entering any of these folders you'll see that we have files labeled begin and end. In this case we have a file for zero two zero one begin.
This is the file that corresponds to section two, video one and then the file at the beginning of the exercises. The end file, covers what the output should look like once you've completed the video.
Professor Michael McDonald demonstrates how to harness the wealth of information available on the Internet to forecast statistics such as industry growth, GDP, and unemployment rates, as well as factors that directly affect your business, like property prices and future interest rate hikes. All you need is Microsoft Excel. Michael uses the built-in formulas, functions, and calculations to perform regression analysis, calculate confidence intervals, and stress test your results. He also covers time series exponential smoothing, fixed effects regression, and difference estimators. You'll walk away from the course able to immediately begin creating forecasts for your own business needs.
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- Identify a good source of free data.
- Name the term for the estimate of the impact of an X variable on a Y variable.
- Tell which statistic offers a bounds on the estimate of the impact of an X variable on a Y variable.
- Assess the type of variable that can be used to capture fixed effects.
- Cite the method by which a forecast can be done with a regression.