Syllabus

Course Code: MC 206    Course Name: Business Statistics

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1 Multiple regression and correlation: Linear regression equation, Regression equation in terms of simple correlation; coefficients; Reliability of the estimate; Multiple Correlation; Partial Correlation.
Index Numbers: Meaning, types and uses; Methods of constructing price and quality indices( simple and aggregate); Test of adequacy; Chain base index numbers; Base shifting, splicing and deflating; Problems in constructing index numbers; Consumer price index.
Time Series Analysis: Components of a time series, Models of time series analysis- additive and multiplicative; Methods of constructing seasonal index; Adjusting time series data for seasonal variations, Estimation of seasonal variations.
Theory of Probability: Probability as a concept; approaches to defining probability; addition and multiplication laws of probability; Conditional probability; Bayes Theorem.
Probability distributions: Probability distribution as a concept; Binomial, Poisson, and Normal distributions- their properties and parameters.
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