{"id":5878,"date":"2022-07-21T22:39:32","date_gmt":"2022-07-21T22:39:32","guid":{"rendered":"https:\/\/commerceiets.com\/?page_id=5878"},"modified":"2022-07-21T22:39:32","modified_gmt":"2022-07-21T22:39:32","slug":"business-statistics-notes","status":"publish","type":"page","link":"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/","title":{"rendered":"BUSINESS STATISTICS NOTES &#8211; DETAILED"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Here you can get Business Statistics notes and all previous year questions solved. Click on the link of any topic to get the notes.<\/h2>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#INTRODUCTION_TO_STATISTICS\" title=\"INTRODUCTION TO STATISTICS\">INTRODUCTION TO STATISTICS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#MEASURES_OF_CENTRAL_TENDENCY\" title=\"MEASURES OF CENTRAL TENDENCY\">MEASURES OF CENTRAL TENDENCY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#MEASURES_OF_DISPERSION\" title=\"MEASURES OF DISPERSION\">MEASURES OF DISPERSION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#CORRELATION_ANALYSIS\" title=\"CORRELATION ANALYSIS\">CORRELATION ANALYSIS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#REGRESSION_ANALYSIS\" title=\"REGRESSION ANALYSIS\">REGRESSION ANALYSIS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#INDEX_NUMBERS\" title=\"INDEX NUMBERS\">INDEX NUMBERS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#ANALYSIS_OF_TIME_SERIES\" title=\"ANALYSIS OF TIME SERIES\">ANALYSIS OF TIME SERIES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/#THEORY_OF_PROBABILITY\" title=\"THEORY OF PROBABILITY\">THEORY OF PROBABILITY<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INTRODUCTION_TO_STATISTICS\"><\/span><a href=\"https:\/\/commerceiets.com\/business-statistics-notes-bcom-1st-year\/\" target=\"_blank\" rel=\"noreferrer noopener\">INTRODUCTION TO STATISTICS<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MEASURES_OF_CENTRAL_TENDENCY\"><\/span><a href=\"https:\/\/commerceiets.com\/measures-of-central-tendency-bcom-1st-year-notes-for-free\/\" target=\"_blank\" rel=\"noreferrer noopener\">MEASURES OF CENTRAL TENDENCY<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MEASURES_OF_DISPERSION\"><\/span>MEASURES OF DISPERSION<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CORRELATION_ANALYSIS\"><\/span>CORRELATION ANALYSIS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"REGRESSION_ANALYSIS\"><\/span>REGRESSION ANALYSIS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INDEX_NUMBERS\"><\/span>INDEX NUMBERS<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ANALYSIS_OF_TIME_SERIES\"><\/span>ANALYSIS OF TIME SERIES<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"THEORY_OF_PROBABILITY\"><\/span>THEORY OF PROBABILITY<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Definition, Functions, Scope and Limitations of Statistics.<br>Measures of Central Tendency: Types of averages\u2013Arithmetic Mean (Simple and Weighted),<br>Median and Mode.<br><br>Measures of Dispersion: Range, Quartile Deviation, Mean Deviation, Standard Deviation and<br>Coefficient of Variation.<br>Simple Correlation and Regression: Meaning, Types, Karl Pearson&#8217;s &amp; Rank Correlation<br>(Excluding grouped data), Probable error.<br><br>Index Numbers: Meaning and importance, Methods of construction of<br>Index Numbers:<br>Weighted and unweighted; Simple Aggregative Method, Simple Average of Price Relative<br>Method,<br>Weighted index method: Laspeyre&#8217;s method, Pascals method and Fishers Ideal method including<br>Time and Factor Reversal tests, Consumer Price Index.<br><br>Time Series Analysis: Components, Estimation of Trends (Graphical method, Average Method,<br>Semi Moving Averages method and Method of Least Squares for linear path).<br>Probability: Conceptual meaning and definition of probability, Theorems of probability\u2013<br>addition and multiplication theorem of probability and concept of conditional probability<br>(simple applications only).<\/p>\n\n\n\n<p><br><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Also Study:<\/strong><\/td><td><strong>Also Study:<\/strong><\/td><td><strong>Also Study:<\/strong><\/td><td><strong>Also Study:<\/strong><\/td><td><strong>Also Study:<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/measures-of-central-tendency\/\">Measures of central tendency<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/arithmetic-mean\/\">Arithmetic Mean<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/median\/\">Median<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/mode\/\">Mode<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/statistics\/\">Statistics<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/functions-of-statistics\/\">Functions of statistics<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/scope-of-statistics\/\">Scope of statistics<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/limitations-of-statistics\/\">Limitations of Statistics<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/distrust-of-statistics\/\">Distrust of statistics<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"295\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/07\/Business-Statistics-Assignment-help.png\" alt=\"BUSINESS STATISTICS NOTES \" class=\"wp-image-5879\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/07\/Business-Statistics-Assignment-help.png 662w, https:\/\/commerceiets.com\/wp-content\/uploads\/2022\/07\/Business-Statistics-Assignment-help-300x134.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/><figcaption>BUSINESS STATISTICS NOTES <\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Here you can get Business Statistics notes and all previous year questions solved. Click on the link of any topic to get the notes. 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&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/bcom-gndu-notes\/business-statistics-notes\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;BUSINESS STATISTICS NOTES &#8211; DETAILED&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":5879,"parent":5472,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/pages\/5878"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=5878"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/pages\/5878\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/pages\/5472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/5879"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=5878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}