Syllabus
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Course Code: M-BECOC -008 Course Name: Statistics For Business Economists |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Index Numbers and Time Series Analysis Index numbers: uses, types and construction; Tests for consistency of index numbers; Base shifting, splicing and deflating of index numbers. Time series analysis: introduction and components; Methods for measuring trend, seasonal, cyclical and irregular variations. Reading List • Barrow, M. (2017). Statistics for Economics, Accounting and Business Studies. Pearson Education. • Croxton, F. E., Cowden, D. & Kliein, S. (1951). Applied General Statistics. Prentice Hall, New Delhi. • Karmal, P.H. & Polasek, M. (1978). Applied Statistics for Economists. Pitman, Australia. • Naghshpour, S. (2012). Statistics for Economics. Business Expert Press. • Sharma, J.K. (2012). Business Statistics. Dorling Kindersley (India) Pvt. Ltd., New Delhi. |
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| 2 | Probability and Sampling Basic concepts and definitions of probability; Laws of addition and multiplication; Conditional probability; Bayes’ theorem (statement); Binomial, Poisson and Normal distributions; Basic concepts of sampling- random and non-random sampling. Reading List • Hong, Y. (2017). Probability and Statistics for Economists. World Scientific Publishing Co. Pte. Ltd., Singapore. • Mittelhammer, R. C. (2012). Mathematical Statistics for Economics and Business. Springer-Verlag New York, Inc. • Speigal, M. R. (1972). Theory and Problems of Statistics. McGraw Hill Book, London. • Vohra, N. D. (2006). Quantitative Techniques in Management. Tata McGraw Hill, New Delhi. |
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| 4 | Correlation and Regression Analysis Correlation: Karl Pearson, Spearman’s Rank and Concurrent Deviations; Introduction to simple regression analysis; Single linear equation regression model (by OLS Method), Concept of an estimator and its desirable properties; Coefficient of determination; Estimation of simple and exponential growth rates. Reading List • Aggarwal, B.L. (2006). Basic Statistics. New Age International Publishers, New Delhi. • Gupta, S.C. & Kapoor, V.K. (2007). Fundamentals of Applied Statistics. S. Chand and Sons, New Delhi. • Kamenta J. (1997). Elements of Econometrics. Macmillan Publishing Co., Inc. New York. • Koutsoyiannis, A. (2001). Theory of Econometrics. Palgrave Macmillan Limited. |
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