Advanced Statistical Methods

Vamsidhar Ambatipudi, B.Tech (CS), MBA (IIM Indore), FIAI, CERA, FRM
Associate Professor – Finance & Analytics

BITS Pilani Group Lead, Management Group

Introduction
• Comprehensive understanding of statistical techniques used
for analyzing and interpreting data with multiple variables.
• Focus on the application of multivariate methods in various
fields, such as social sciences, business and management.
• Gain hands-on experience using statistical software (SPSS)
to analyze real-world datasets.

2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Course Objectives
• To provide a comprehensive understanding of advanced
statistical concepts and methodologies based on research
questions and data characteristics.
• To equip students with the skills to apply advanced statistical
techniques to real-world research problems.
• To enhance students' ability to critically evaluate and
interpret complex statistical analyses.
• To foster independent research skills, allowing students to
design and conduct their own advanced statistical studies.
• To encourage collaboration and communication in presenting
statistical findings to diverse audiences.
• To provide practical knowledge of applying multivariate
methods using statistical software (IBM SPSS)
• To enable students to communicate effectively the results of
multivariate analyses to both technical and non-technical
audiences.
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Pre-requisites
• Basic knowledge of statistics, including hypothesis testing,
regression analysis, and probability distributions.
• Familiarity with a statistical software package (e.g., R,
Python, SPSS) is beneficial but not mandatory.

4 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Course outline
• Review of Statistical Inference
• Estimation and confidence intervals
• Hypothesis testing: One-sample, two-sample, and
ANOVA
• Multivariate Data Visualization
• Scatterplot matrices
• Mulivariate Box Plots, Bar plots etc.
• Multivariate Analysis of Variance (MANOVA)
• One-way and two-way MANOVA
• Post-hoc tests and multiple comparisons
• Principal Component Analysis (PCA)
• Dimensionality reduction
• Interpreting principal components
• PCA for data visualization

5 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Course outline
• Multiple Regression Analysis
• Multiple linear regression
• Assumptions and diagnostics
• Variable selection techniques
• Generalized Linear Models (GLMs)
• Logistic regression for binary outcomes
• Poisson regression for count data
• Model interpretation and comparison
• Experimental Design
• Completely randomized designs
• Randomized block designs
• Factorial designs and interactions

6 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Course outline
• Nonparametric Methods
• Wilcoxon rank-sum test
• Mann-Whitney U test
• Kruskal-Wallis test
• Spearman's rank correlation
• Other Methods
• Exploratory Factor Analysis (Assessing model fit)
• Cluster Analysis (K-means and Hierarchical)
• Discriminant Analysis (Applications of LDA and QDA)
• Canonical Correlation Analysis (interpreting the variates)
• Time Series Analysis
• Bayesian Statistics
• Bayes' theorem and posterior probability
• Markov Chain Monte Carlo (MCMC) methods
• Bayesian hypothesis testing

7 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
Course outline
• Structural Equation Modeling (SEM)
• Confirmatory factor analysis (CFA)
• Path analysis
• Model fit assessment
• Advanced Statistical Methods
• Survival Analysis

8 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
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1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
1 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
2 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956
3 August 3, 2024 BITS Pilani, Deemed to be University under Section 3 of UGC Act, 1956