Syllabus
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Course Code: CC-5 IN-ECX-303 Course Name: Statistics for Economics-I |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | (i-a) Measures of Central Tendency: Arithmetic Mean, Weighted Arithmetic Mean, Median, Mode, Geometric Mean and Harmonic Mean (i-b) Partition values-Quartiles, Deciles, Percentiles Standard Deviation and Lorenz Curve |
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| 2 | (ii-a) Skewness: Types, measures of skewness, Pearson's, Bowley’s, Kelly’s Method, Moments, moments about mean and zero (ii-b) Measures of Kurtosis: Beta and Gamma Coefficients based on Moments |
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| 3 | (iii-a) Correlation: Definition, types, degrees and methods-scatter diagram, Karl Pearson’s Coefficient of Correlation, Variance-Covariance Method, Rank Correlation, Concurrent Deviation Method, Coefficient of Determination, Probable Error (iii-b) Linear Regression Analysis-meaning, types, regression lines, regression co-efficient and regression equations and least square method |
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| 4 | (iv-a) Index Numbers: meaning, types, uses and limitations of index numbers, Problems in construction of index numbers, methods of construction of index numbers, Tests of adequacy of index numbers; Some specific problems: chain-base & fixed-base index, base shifting, splicing, deflating of index numbers, Consumer Price index. (iv-b) Time-Series: meaning & components of time-series, model of analysis of time series, methods of measuring trend, and its components; seasonal variations: simple average method, moving average method, ratio to moving average, ratio to trend method and link relative method |
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