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Statistics for Business Decisions

By PROF. KARUNESH SAXENA   |   M.L. Sukhadia University, Udaipur
Learners enrolled: 1159

This is a course on Statistics for Business Decisions. It is a core subject which has 4 credits and 40 modules that would be offered under the program. The application of Statistical Techniques for Business Decisions would be the prime focus of the program. The course structure would range from Descriptive Statistics to Inferential Statistics. Under Descriptive Statistics, topics like Measures of Central Tendency, Measures of Dispersion, Regression and Time Series would be discussed. Under Inferential Statistics topics like Probability, Probability Distribution and Hypothesis Testing would be covered. Students would learn how to apply these statistical techniques not only for business decisions but also for research methodology. This course will be offered over a span of twelve weeks. By the end of the week, the students will be given assignments and FAQs. The queries will be answered through emails.

Summary
Course Status : Ongoing
Course Type : Core
Duration : 12 weeks
Start Date : 02 Aug 2021
End Date : 31 Oct 2021
Exam Date :
Category :
  • Management Studies
Credit Points : 4
Level : Undergraduate



Course layout

1 Measures of Central Tendency 1
2 Merits, Limitations and Suitability of Averages
3 Measures of Central Tendency 2
4 Measures of Dispersion
5 Measures of Variation
6 Measures of Central Tendency
7 Standard Deviation
8 Measurement of Coefficient of Variation
9 Correlation and Causation
10 Karl Pearson's Coefficient of Correlation
11 Spearman Rank Coefficient of Correlation
12 Numerical examples of Coefficient of Correlation
13 Regression Analysis
14 Linear Regression
15 Numerical examples of Regression
16 Standard Error of Estimate
17 Time Series - Properties and components
18 Time Series - Utility and Methods
19 Time Series - Meaning and Significance
20 Time Series - Method of Least Square
21 Parabolic trends and Non parabolic trends
22 Index Number
23 Index Number - 2
24 Chain Index Number
25 Probability: Fundamental concepts and approaches
26 Probability and its Rules
27 Probability: Bayes Theorem
28 Probability Distribution
29 Bionomial Distribution
30 Poisson Distribution
31 Exponential Distribtuion
32 Normal Distribution
33 Inferential Statistics
34 Hypothesis - An introduction
35 Hypothesis and its process
36 One tailed and Two tailed tests of hypothesis
37 Type I and Type II errors
38 Hypothesis - Z test
39 Hypothesis - T test
40 SPSS

Books and references

1. Cooper & Schindler: BUSINESS RESEARCH METHOD, McGraw-Hill Irwin, 2006

2. Levin & Rubin: STATISTICS FOR MANAGEMENT, Prentice Hall, 1998

3. SC Gupta: FUNDAMENTALS OF STATISTICS, Himalaya Publishing House, 2018

4. Wilkinson & Bhandarkar: METHODOLOGY AND TECHNIQUES OF SOCIAL 

RESEARCH.

5. Pauline Vyoung: SCIENTIFIC SOCIAL SURVEYS AND RESEARCH.

6. Panneerselvam, R., RESEARCH METHODOLOGY, Prentice Hall of India, New Delhi, 

2004.

7. Kothari: RESEARCH METHODOLOGY.

8. Festinger. L & D. Katz: RESEARCH METHODS IN BEHA VIOURAL SCIENCE.

9. Sellitz, et al: RESEARCH METHODS IN SOCIAL RELATIONS

10. Abraham, Ledolter: STATISTICAL METHODS FOR FORECASTING

11. Anderson, D.R., Sweeney, D.J., Williams, T.A., (2009): ESSENTIALS OF    MODERN BUSINESS STATISTICS

12. S.P Gupta: STATISTICAL METHODS

13. M.P. Gupta, S.P. Gupta: BUSINESS STATISTICS MBA BBA



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