Syllabus
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Course Code: B-COM 204 Course Name: Business Statistics |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Introduction to Statistics: Concept, Definitions, Scope, Role, Functions, Distrust and Limitations
of Statistics. Concepts of Central Tendency: Arithmetic Mean, Harmonic Mean, Geometric Mean, Median and Mode. Measures of Dispersion: Range and Inter-Quartile Range, Quartile Deviation, Mean Deviation, Standard Deviation and Coefficient of Variation Correlation Analysis: Meaning and Definition, simple, multiple and partial correlation, linear and non-linear, Scatter diagram, Karl Pearson’s co-efficient of correlation, Spearman’s Rank Correlation, Concurrent Deviation, Probable and Standard errors. Linear Regression Analysis: Concept and Meaning, Difference between Correlation and regression, Methods of Calculation of Regression, Properties of Regression Coefficients; Standard Error of Estimate. Index Numbers, problems in construction of Index numbers, methods of constructing Index numbers, tests of consistently of Index numbers, Chain Indices, Base shifting,Splicing and Deflating of Index numbers, uses and construction of Cost of Living index numbers. Analysis of Times Series: Component; Decomposition of Time Series: Additive and Multiplicative Models; Determination of Trend: Graphic Method, Moving and Semi-Average Average method and method of Least Squares (including linear second degree, parabolic, and exponential trend). Probability Introduction, definition, importance of concept of probability, calculation of probability; theorems of probability- addition theorem, multiplication theorem, conditional probability, Bays' Theorem |
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