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Pricing Models Using Real Data
Article first published online: 14 APR 2008
DOI: 10.1111/j.1467-9639.2008.00320.x
© 2008 The Authors Journal compilation © 2008 Teaching Statistics Trust
Additional Information
How to Cite
Obremski, T. (2008), Pricing Models Using Real Data. Teaching Statistics, 30: 44–48. doi: 10.1111/j.1467-9639.2008.00320.x
Publication History
- Issue published online: 14 APR 2008
- Article first published online: 14 APR 2008
Keywords:
- Teaching;
- Dependent variable;
- Independent variable;
- Correlation;
- Simple linear regression model
Summary
A practical hands-on classroom exercise is described and illustrated using the price of an item as dependent variable throughout. The exercise is well-tested and affords the instructor a variety of approaches and levels.