Econometrics HT 18

Chapter 1 : Sample moments

By Lund University

We define a sample and define sample mean, sample variance and more.

Sample moments

The first thing we will look at in this course is sample moments. We begin with fundamental concepts such as population, sample and random sample. We then look at moments from a single variable: sample mean, sample variance and sample standard deviation. We then look at sample moments from two variables: sample covariance and sample correlation. This section is heavily dependent on sums. To review sums, check out the final section of Equations and sums. You will practice working with sums mathematically as well as in Excel.

Sample moments

Problem: Calculate sample moments in Excel

Problem: Sample variance, negative and zero

Problem: Important sum rules for sample moments

Problem: Calculating sums in Excel