Discover 60 opportunities in statistics

A subject that many new economics students – and some older economics students too – struggle with is statistics. Statistics are an essential tool for economics, allowing data analysis and modelling to be accurate and mathematically correct.

‘Chance dominates the game’. This conclusionary remark to C. Reep and B. Benjamin’s 1968 study ‘Skill and Chance in Association Football’ stood until relatively recently as received wisdom, the phrase was deemed self-evident and its veracity left unquestioned. Predictions based on statistics were a folly they said, the sport was ‘too fluid, too unpredictable’.

A great way to make your presentations or papers slick and memorable is to improve your graphs and diagrams. The standard graphs produced by software such as Excel or SPSS  can convey the required information, but tend to lack style as these tools have limited customisation options. Other software exists for the singular purpose of configuring your diagrams, including many which are open-source and hence freely available.