A lot of applied statistical techniques are best learned by doing, such as experimental design, predictive modelling, simulation, etc. Probability models (what is covered in STAT 334) are often fairly theoretical, but STAT 334 is a course for business and accounting students, who are more interested in the applications. They are also familiar with the idea of case studies from the business courses they take.
Because of that, I decided to have a Case Study Competition in STAT 334. The choice of topic was completely up to the...
