PERSONAL STATEMENT:: ? Reason I want to do research work in Statistics During my studies in Economics,, I realized that statistics is the basic foundation of economic theories..
To study any relationship between any number of variables,, statistics and probability knowledge is a primary requirement.. It is a core research component in almost every field.. The rigorous coursework in linear algebra and calculus,, applied statistics,, econometrics and probability during my post-graduate and graduate degree instilled my interest in the subject and encouraged me to pursue research in statistics.
. I learned to critically think and evaluate an issue from multiple perspectives.. Now working as a research Intern at Reserve Bank of India (RRBI)),, provided me with an unparalleled opportunity to gain hands on research experience,, my team deals with huge amount of time-series macro-economic data (ee..
gg.. Consumer price indices)),, we construct the statistics, perform tests,, construct confidence intervals,, apply econometric principles and provide short-term and long-term forecast.. This is the basic requirement in designing and formulating favorable policies.
. There has been a massive increase in the data acquired in every field in the last few decades mainly due to tremendous growth in computer science..
This data has to be transformed into information that contributes to optimal decision making.. For instance,, it is the understanding of data which has highlighted the major issues we are facing today such as climate change,, rising inequality etc.
. Thus,, it becomes important to study such data and bring out meaningful solutions to curb the menace.. The wider implications of statistics and probability in every field and my interest in projects that are interdisciplinary in nature have motivated me to apply for a Doctoral program in statistics.
. ? My Research Interest I was introduced with time series analysis in econometrics and statistical courses in my bachelors as well as in my masters?? degree..
My interest was intrigued by the concept that the internal structure in data could be obtained from a well structured model. My masters? thesis which titled “Financial reforms and Economic growth:: Evidence from a panel data of 89 countries” under the guidance of Professor Dr.. James Ang (abstract included in the curriculum vitae) involved working with time series data on financial reforms – which is captured from a study conducted by Abiad et al.
. (22008)) “AA New Database of Financial Reforms.”1 The objective is to study the relationship between financial reforms and economic growth using cross country linear multivariate logistic regression.. The cross-country panel data is estimated using both fixed effect and random effect estimators. The results are obtained assuming linear relationship,, but we know that financial phenomenon is complex and non-linear in nature.
. Therefore,, I am interested in studying nonlinear approaches for time series data analysis and its implications in economic forecasting and identifying risks in financial markets.. ? My career plans I aspire to acquire both conceptual and operational understanding of statistical principles,, probability,, computing and mathematics.
. I would like to serve the academic and research community,, work with other disciplines where statistical knowledge is relied upon.. 1 Abiad A..,, Detragiache E..
and Tressel T..,, 2008,, “AA New Database of Financial Reforms”,, IMF Working Paper WP//008//2266..