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Exploring Real-Life Applications of Statistical Techniques in Social and Economic Issues

This case study focuses on applying statistical techniques to real-world problems within social, financial, industrial, and economic contexts. It aims to enable participants to analyze, interpret, and draw meaningful conclusions from identified issues. Each group will select a relevant problem of practical significance that has not been previously published, collect real-life data, and present their findings with supporting evidence. The final deliverables include a detailed report and a 20-minute presentation, emphasizing critical analysis and interpretation of the results.

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Exploring Real-Life Applications of Statistical Techniques in Social and Economic Issues

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Presentation Transcript

  1. Case Study

  2. Objectives • Apply statistical techniques to real-life problems • Understand social/financial/industrial/economic issues and study them using statistical methods • Be able to analyze, interpret and draw meaningful conclusions from problem context • Present study results with proper supporting evidences and references

  3. Topic • To be decided by your group • You should be able to identify a problem that is worth investigating and be able to collect data for analysis • Requirement: the solution to the problem that you choose has not yet been published

  4. Topic • The problem of your study must have practical meaning, and the data that you collected must be real-life data (not made up data) • Read the case studies in the textbook to get some idea on how to determine a topic of study

  5. Where to collect data • You can use websites/newspapers/magazines… that provide real data or you can conduct interview/questionnaires on the individuals/companies that you wish to study • Remember to cite your sources in the reference section

  6. Submission • Report • 6-8 typewritten content pages (1.5 spacing) • 12 point font (Times New Roman) • Word document • Presentation Slides • 20 minute-speaking • Submission method: read the Case study requirements

  7. Report and Presentation • Requirements of report and presentation: read the case study requirements carefully • It is crucial that you offer your critical analysis of the study results and interpretations • For the presentation: in addition to 20-minute speaking, there will be 10 minute Q/A

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