In previous posts, we lightly touched on statistical concepts like the mean or average (in computing for investment returns) and standard deviation (in estimating risk). Unfortunately for a lot of us who are "allergic" to numbers, the theory and practice of prudent financial management is steeped in statistical and econometric lore. Fortunately, a recent growing interest in the industry and academe to provide meaningful and free online education has resulted in initiatives like Udacity, which now provides a free online statistics class: Introduction to Statistics (ST101) - Making Decisions Based on Data.
The course will be facilitated by Sebastian Thrun, a Professor at Stanford University and a Google Fellow. According to the course description, no prior background in statistics is necessary, which I'm sure is perfect for a lot of us.
So if you want to up your proficiency in investment and financial management, or just make better decisions in whatever situation, I suggest that you take this course with me. I can discuss the assignments with you, but I won't let you copy from me, hahaha.
The course starts on June 25, 2012, so enroll now. See you all in class!
