Welcome to Quantitative Research Methods MGM Peter Schmidt

Welcome to Quantitative (Research) Methods MGM Peter Schmidt March 2020 schmidt-bremen. de -> QM (MGM) MGM Quantitative Methods - P Schmidt, Hochschule Bremen FUN with ! a t Da

WHY study Quantitative (Research) Methods? WHAT‘s it about ? MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Why?

Contents n Introduction(s) n Quantitative Research Methods n Lecturer n Students MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Learning Targets n Quantitative Methods – Dealing with data – Theoretical models – Practical experience (in Excel and SPSS) Ø Helpful tools for your daily work n Academic Research – structure and format of academic work – (Literature sources)

“The Business Research Process” Cooper / Schindler

Learning Targets: Content n “Quantitative Methods” enables students to analyze data and apply statistical analyses. Topics include: n Presentation and interpretation of descriptive measures, n applications of probability and the normal distribution in order to be able to properly apply confidence interval estimation and hypothesis testing. n The students shall be able to use simple and multiple regression models as well as time series analysis to applied cases from Economics and Business. MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Learning Outcomes n After completion of this module students will have essentially improved their individual communication skills, self-confidence and effectiveness in rhetoric activities and are able to professionally apply presentation, moderation and negotiation techniques. n Students will be also able to apply statistical tools and concepts needed in business applications and can use modeling as an aid to managerial decision making MGM Quantitative Methods - P Schmidt, Hochschule Bremen

T N E G UR ! l l a c phone schmidt-bremen. de -> QM (MGM) MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Who am I Peter Schmidt Economics & Statistics market. research. culture

You u are highly motivated students u have to carry your individual workload: theory: 30 classroom h + 60 h individual work Schmidt-bremen. de -> QM (MGM) MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Name First name 1 Abdullayev Ahamed Tamerlan Rezel 1 Ahmed Shafayet 1 1 Ali Amrit Azib Amrit 2 Andrade Rattacaso Lucas 2 Bano Reshma Bukhari Syed Muhammad Awais 2 Elkarta Mohamed Fekry 2 Escudero Sueng Luis Eduardo 2 Harb Javed John Jose Krithivasan Bassel Alassad Nasir Justin Antony Jerin Stephen George Chandra. Mouli Team Nr 1 2 3 3 3 Name First name 4 Martins Mohamed Abiola Abiodun Mohamed Nabil Ragab 4 Oguz Gökhan 4 4 Pandey Paramasivan Love Sagayavalli 5 Rajamohan Sudarsan 5 Rawat Rohit Saha Bikrom 5 Sharma Naveen Kumar 5 Soni Sarabjeet Singh 5 Thomas Christina Rose Team Nr 4 5 MGM Quantitative Methods - P Schmidt, Hochschule Bremen

I want YOU … u to make this YOUR class u Assume responsibility for your – and all our Learning Outcomes u Help me make the class better Quantitative meths.

How do we learn ? … u Listening u Watching u Writing u Thinking u … interactive (team) work? -> after each class (incl. lunch break): - 3 most important things I learned today - (up to 3) questions Students are selcted at random at the beginning of the next class

Assessment… u The assessment is a LEARNING PORTFOLIO. This is a type of assessment in which the students document their own responsibility for their learning process and learning outcome. u Assessment - Required parts of the Learning Portfolio in this class are described in this document - they might be subject to change / discussion during the semester.

Teamwork n 5 Teams – working together for the module n (Mixed gender / nationalities) Tasks: n Teamwork in class n Homework (teams) n Case study (multiple regression with own data): presentations + handout MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Contents n Introduction(s) n Quantitative Research Methods n Lecturer n Students n … n Let’s get started MGM Quantitative Methods - P Schmidt, Hochschule Bremen

Correlations and Causality FUN ! ata D h t wi

Correlations and Causality

Correlations and Causality

Correlations and Causality n The more firemen fighting a fire, the bigger the fire is observed to be. => Therefore firemen cause fire. n Sleeping with one's shoes on is strongly correlated with waking up with a headache. => Therefore, sleeping with one's shoes on causes headache. (source: http: //en. wikipedia. org/wiki/Correlation_does_not_imply_causation)

Correlations and Causality n As ice cream sales increase, the rate of drowning deaths increases sharply. => Ice cream causes drowning. n With a decrease in the number of pirates, there has been an increase in global warming over the same period. => Therefore, global warming is caused by a lack of pirates. (source: http: //en. wikipedia. org/wiki/Correlation_does_not_imply_causation)