Introduction to Software in Econometrics, Operations Research and Actuarial Science
Full course descriptionIn this skills course students will acquire the necessary skills in order to use computer software to solve problems in Econometrics & Operations Research. These skills are needed for many Bachelor thesis topics. Students can choose to work on either the Econometrics or the Operations Research part.
Students will be trained to use the software R. Applications using the software R will be based on Bayesian inference of a set of standard econometric models. Special attention will be given to the development of computational algorithms such as Markov chain Monte Carlo.
Operations Research part:
Students will acquire the skills to model optimization problems as (integer) linear programs and to solve such programs using the software package CPLEX as a Java library. Being able to model business and economics problems as linear programs and being able to solve them efficiently is essential in business and research.