Econometrics and Business Statistics

The Econometrics and Business Statistics cluster is an interdisciplinary research group using big data analytics to achieve better strategic decision making and enhance business, economic, urban and industrial planning. Big data has become a key asset for the business community, the financial world, and policy makers. To this end, the cluster is developing and maintaining a ‘data warehouse’, containing a variety of micro data sets on financial and operational information of firms and workers, scanner data of products, high frequency stock market data, etc.. In addition, the cluster develops and applies machine learning methods and algorithms to explore, describe, visualize and synthesize complex relationships commonly observed in a variety of problems in the various subject fields in the school.