This course aims to provide a comprehensive overview of key statistical concepts in a concise manner, with each topic explained in just one minute. The learning outcomes include understanding probabilities, measures of central tendency, statistical significance, sample sizes, and various financial metrics like ROI, EPS, and P/E ratio. The course covers tools such as formulas for standard deviation, covariance, and correlation coefficients. The teaching method involves quick explanations and examples for each concept. This course is intended for individuals looking to quickly grasp fundamental statistical principles and financial metrics without delving into lengthy explanations.
Overview
Syllabus
Probabilities Explained in One Minute - Probability Definition, Formula and Misconceptions.
The Mean (aka Average) and the Median Defined, Calculated/Explained and Compared in One Minute.
The Standard Deviation (and Variance) Explained in One Minute: From Concept to Definition & Formulas.
The Weighted Average (AKA Weighted Arithmetic Mean) in One Minute: Definition + Explanation.
The Sample Size Explained in One Minute: From Definition to Examples and Research Tips.
Statistical Significance, the Null Hypothesis and P-Values Defined & Explained in One Minute.
Net vs. Gross (Income, Pay/Salary, etc.) in One Minute: Definition/Difference, Explanation, Examples.
Percentiles (Centiles, Percentile Rank), Deciles and Quartiles Defined & Explained in One Minute.
Statistical Adjustment (Seasonal/Inflation Adjustment and More) Defined & Explained in One Minute.
Odds vs. Probability: Definition, Explanation, Calculation, Examples and Comparison in One Minute.
The Return On Investment (ROI) in One Minute: Definition, Explanation, Examples, Formula/Calculation.
The Scientific Method in One Minute: Definition, Explanation, Steps and Examples in Research/Science.
Study Types: Descriptive (Surveys) & Analytic (Randomized Controlled Trials, Observational Studies).
Understanding the Mode and Range in One Minute: Definition, Explanation and Examples.
The Bell Curve (Normal/Gaussian Distribution) Explained in One Minute: From Definition to Examples.
Regression Toward the Mean (AKA Return to Average/Normal): Definition, Explanation and Examples.
Fixed/Variable/Total Costs and the Marginal Cost of Production Defined & Explained in One Minute.
The Covariance Explained in One Minute: Definition, Formula and Examples.
The Stock to Flow Ratio Explained in One Minute: From Gold/Silver... to Bitcoin/Crypocurrencies?.
The (Pearson) Correlation Coefficient Explained in One Minute: From Definition to Formula + Examples.
Revenue vs. Gross Income/Profit/Earnings vs. Net Income/Profit/Earnings (Bottom Line) in One Minute.
Profit Margins Explained in One Minute: From Definition/Meaning to Formulas and Examples.
The Risk to Reward Ratio Explained in One Minute: From Definition and "Formula" to Examples.
The Risk and Probability of Ruin (When Investing/Trading) Explained in One Minute.
The Earnings Per Share (EPS) & Price-to-Earnings Ratio (P/E Ratio): Definitions. Formulas. Examples..
The Earnings Per Share (EPS) & Price-to-Earnings Ratio (P/E Ratio): Definitions. Formulas. Examples..
The Book Value and Price-to-Book Ratio (P/B Ratio) Explained: From Definition to Formulas & Examples.
The Book Value and Price-to-Book Ratio (P/B Ratio) Explained: From Definition to Formulas & Examples.
Volatility Explained in One Minute: From Definition/Meaning & Examples to the Volatility Index (VIX).
Correlation Does Not Imply Causation: A One Minute Perspective on Correlation vs. Causation.
Survivorship Bias Explained in One Minute: From Definition/Meaning to Examples (Finance and Trading).
The Alpha (Edge, Excess Return, Abnormal Rate of Return) of Investors/Traders Explained (One Minute).
Linear (Arithmetic) and Logarithmic (Exponential Growth) Scales/Charting Explained in One Minute.
How Low Can Interest Rates Go? A One Minute Perspective on "Modern-Day" Central Banking Limits.
Taught by
One Minute Economics
Related Courses
Reviews
5.0 rating, based on 1 Class Central review
-
Timothy G HubbsThis course covers basic arithmetic functions in the concept of means, medians and averages of company earnings. General probability and prediction of data by scientific calculation. Base information and calculation of stock profits with common formulas
and easy to understand ideas about statistics and data. I found this course enlightening and informative a step in understanding our world in more detail.
