Statistics

Course content
Statistical methods play an irreplaceable role in evaluating past trends and, last but not least, predicting future market developments, which are a prerequisite for a qualified estimate of the real estate value and the prospect of investment in real estate. In the course Statistics, the participants will be acquainted with the basic terminology, so they will be able to understand the outputs of statistical analyses of the sector and economy. They will learn to use basic statistical methods, understand the problems of a sample data file, the basics of estimation theory (point estimates of the level and variability parameters, interval estimates of the mean value). Furthermore, they will be able to understand the basic principles of testing statistical hypotheses and to use regression and correlation analysis to estimate factors that influenced the market in the past and for own statistical prediction of the future development.