BUSINESS STATISTICS NOTES BCOM 1ST YEAR

BUSINESS STATISTICS NOTES – DETAILED

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INTRODUCTION TO STATISTICS

MEASURES OF CENTRAL TENDENCY

MEASURES OF DISPERSION

CORRELATION ANALYSIS

REGRESSION ANALYSIS

INDEX NUMBERS

ANALYSIS OF TIME SERIES

THEORY OF PROBABILITY

Definition, Functions, Scope and Limitations of Statistics.
Measures of Central Tendency: Types of averages–Arithmetic Mean (Simple and Weighted),
Median and Mode.

Measures of Dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation and
Coefficient of Variation.
Simple Correlation and Regression: Meaning, Types, Karl Pearson’s & Rank Correlation
(Excluding grouped data), Probable error.

Index Numbers: Meaning and importance, Methods of construction of
Index Numbers:
Weighted and unweighted; Simple Aggregative Method, Simple Average of Price Relative
Method,
Weighted index method: Laspeyre’s method, Pascals method and Fishers Ideal method including
Time and Factor Reversal tests, Consumer Price Index.

Time Series Analysis: Components, Estimation of Trends (Graphical method, Average Method,
Semi Moving Averages method and Method of Least Squares for linear path).
Probability: Conceptual meaning and definition of probability, Theorems of probability–
addition and multiplication theorem of probability and concept of conditional probability
(simple applications only).


Also Study:Also Study:Also Study:Also Study:Also Study:
Measures of central tendencyArithmetic MeanMedianModeStatistics
Functions of statisticsScope of statisticsLimitations of StatisticsDistrust of statistics
BUSINESS STATISTICS NOTES
BUSINESS STATISTICS NOTES