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Parzen, Michael I. Remove Parzen, Michael I. →

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  • February 2021
  • Tutorial

T-tests: Theory and Practice
By: Michael Parzen, Natalie Epstein, Chiara Farronato and Michael Toffel
This video provides an introduction to hypothesis testing, sampling, t-tests, and p-values. It provides examples of A/B testing and t-testing to assess whether difference between two groups are statistically significant. This video can be assigned in conjunction with...  View Details
Keywords: Data Analysis; Data Analytics; Experiment Design; Experimentation; Data and Data Sets; Analysis
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  • February 2021
  • Technical Note

Probability Distributions
By: Michael Parzen and Paul J. Hamilton
This technical note introduces students to the concept of random variables, and from there the normal and binomial distributions. After a brief introduction to random variables, the note describes the standard properties of the normal distribution: a single peak, and a...  View Details
Keywords: Analysis; Risk and Uncertainty; Theory
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  • January 2021
  • Case

The FIRE Savings Calculator
By: Michael Parzen and Paul J. Hamilton
This case follows Carol Muñoz, a member of the Financial Independence, Retire Early (FIRE) lifestyle movement. At the age of 45, Carol is considering retiring and living off the $1 million she has accumulated. Using Monte Carlo simulation, Carol forecasts the...  View Details
Keywords: Analysis; Forecasting and Prediction; Financial Strategy; Investment Portfolio; Investment Return; Personal Finance; Saving; Risk and Uncertainty; Diversification; Theory; Financial Services Industry
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  • January 2020
  • Case

Kaggle 2019 Data Science Survey
By: Yael Grushka-Cockayne, Michael Parzen, Paul Hamilton and Steven Randazzo
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