Business Statistics (Major) B.Com 2nd Sem UOR

Syllabus

Paper Code: UG0202-ABS-52T-103

Business Statistics

UNIT-I

Meaning, Definition, Features, Importance and Limitations of Statistics. Meaning, Uses and Differerice between Primary and Secondary Data, Data Collection Methods, Classification and Tabulation of Data. Presentation of Data: Diagrams/Graphs of Frequency Distribution - Ogive and Histograms, Meaning, Application and Limitation of Central Tendency. Measures of Central Tendency- Arithmetic Mean, Median, Mode, Geometric Mean and Harmonic Mean, and Partition Values- Quartiles, Octiles, Deciles, Percentiles.

[Lectures-15]

UNIT-II

Measures of Dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation, and their Co-Efficient, Combined Standard Deviation, Coefficient of Variation, Uses and Interpretation of Measures of Dispersion.

Meaning of Skewness, Difference between Dispersion and Skewness, Methods of Computing Skewness and their Coefficient-Karl Pearsons and Bowleys. Moments & Kurtosis.

[Lectures-15]

UNIT-III

Meaning, Importance and Uses of Correlation, Different Methods for Computing Correlation-Scatter Diagram, Karl Pearson’s Coefficient of Correlation, Spearman’s Rank Correlation, Concurrent Deviation Method.

Meaning, Importance and Uses of Regression Analysis, Comparison between Correlation and Regression, Computation of Two Regression Equations.

[Lectures-15]

UNIT-IV

Meaning, Importance and Uses of Index Numbers, Simple and Weighted Price Index Numbers, Methods of Construction: Average of Relatives, Aggregative Method, Fishers Ideal Index Number, Base Shifting and Conversion, Deflating, Splicing.

Meaning, Uses and Components of Time Series, Additive and Multiplicative Models, Measurement of Trend - Graphical Method, Semi-Average Method, Moving Average Method, Least Squares Method. Measurement of Seasonal Variation - Method of Simple Averages, Ratio to Trend Method, Ratio to Moving Average Method.

[Lectures-15]