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Department of Banking and Financial Management

Undergraduate Studies

Academic Year 2025-26

Statistics II

2nd Semester

ΧΡΣΤΑ 02

Course id

7,5

ECTS

General Background

Course type

The course is a continuation of the course Statistics I. It is a more advanced course in Statistics that aims to introduce students to more advanced concepts of Statistics and connect them with applications from Financial science.

After the necessary introduction of concepts and definitions from Probability Theory, the course is extended to Stochastic Processes. Introductory evidence from Statistical Inference is then presented.

After the successful completion of the course the students

  • they will have understood the basic and crucial concepts of Probability Theory, Stochastic Processes, Inferential Statistics
  • they will have understood the importance of Statistics as a tool that can serve Financial science
  • they will have acquired the necessary background to attend advanced Econometrics courses.

The course aims to acquire, on behalf of the student, skills such as:

  • Decision-making
  • Working independently
  • Team work
  • Working in an interdisciplinary environment
  • Search for, analysis and synthesis of data and information
  • Probability Theory
    • Independence between two events
    • Conditional probability
    • Generating functions
    • Bivariate random variables
  • Stochastic Processes
    • Homogeneity/ Stationarity
    • Dependence
    • Special stochastic processes
  • Estimation
    • Basic principles of estimators
    • Maximum Likelihood estimation method
    • Moments estimation method
  • Statistical Hypothesis Testing
    • Error of Type I
    • Error of Type II
    • Statistical significance
    • Hypothesis testing for mean and variance of a single population