Teaching Probability Theory and Forecasting-based Mathematical Statistics to Bachelors of Economics

DOI

10.2991/cildiah-17.2017.46How to use a DOI?

Keywords

bachelors; forecasting; probabilistic notions; economic processes

Abstract

The article examines the results of the research study on advisability of using forecasting when teaching probability theory and mathematical statistics to future economists. The timeliness of the study is determined by the fact that the traditional methods of teaching fail to empower students to see any links with their future profession and make use of their probabilistic and statistical knowledge in order to analyse and forecast economic phenomena. Philosophical and hypothetical-deductive approaches to studying the forecasting potential of the law of large numbers in probability theory make it possible to bring out the opportunities of introducing a number of mathematical notions based on their empirical prototype during the analysis of economic situations. The effectiveness of the proposed method of teaching is assessed according to the achieved level of knowledge and skills that are manifested through students' readiness to apply probabilistic and statistical methods during analysing and forecasting economic phenomena. By means of parameterisation in quantitative terms, the analysis of 120 students' test papers is carried out. The article is of practical value to university instructors in their work, and makes it possible to put a professional economic slant on the process of teaching probability theory and mathematical statistics

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - V.D. Selutin
AU  - E.V. Lebedeva
PY  - 2017/11
DA  - 2017/11
TI  - Teaching Probability Theory and Forecasting-based Mathematical Statistics to Bachelors of Economics
BT  - Proceedings of the 7th International Scientific and Practical Conference "Current issues of linguistics and didactics: The interdisciplinary approach in humanities" (CILDIAH 2017)
PB  - Atlantis Press
SP  - 258
EP  - 262
SN  - 2352-5398
UR  - https://doi.org/10.2991/cildiah-17.2017.46
DO  - 10.2991/cildiah-17.2017.46
ID  - Selutin2017/11
ER  -