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Statistics for Business Decisions

By PROF. KARUNESH SAXENA, Prof. Karunesh Saxena   |   M.L. Sukhadia University, Udaipur, Sangam University, Bhilwara
Learners enrolled: 872

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
Category :
  • Management Studies
Credit Points : 4
Level : Undergraduate
Start Date : 08 Jan 2024
End Date : 30 Apr 2024
Enrollment Ends : 29 Feb 2024
Exam Date : 26 May 2024 IST
Exam Shift: :

Shift- II

Note: This exam date is subjected to change based on seat availability. You can check final exam date on your hall ticket.


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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

Instructor bio

Prof. Karunesh Saxena

Sangam University, Bhilwara
PROF. (Dr.) KARUNESH SAXENA
Designation: Vice Chancellor, Sangam University, Bhilwara
Ex-Director, Internal Quality Assurance Cell (IQAC) &
Director, College Development Council (CDC)
MLS University (NAAC Accredited 'A' State Grade)
+91 9928074007, 7891050006
karuneshsaxena@gmail.com/president@sangamuniversity.ac.in
///https://www.linkedin.com/in/profkaruneshsaxena/
Administrative Experience
• Director, Internal Quality Assurance Cell (IQAC), M.L. Sukhadia University since
• Director, College Development Council (CDC), M.L. Sukhadia University since
• Ex- Director and Chairman, FMS, M.L. Sukhadia University,
• Ex- Director, IQAC, M.L. Sukhadia University, Udaipur during
• Ex-Director, College Development Council, M.L. Sukhadia University, Udaipur during
• Ex-Member Board of Management (Executive Council) M.L. Sukhadia Univer
period of 2009-2012.
• Served in different academic positions at Universities like Sagar University, Jammu University, Vikram
University Ujjain and Indira Gandhi National Open University (IGNOU) New
Professional Experience
• Total teaching and research experience:32
• 14 years of experience as Professor, 04 years of corporate
• Chair Professor, Indian Council of Cultural Relations (ICCR), Ministry of External Affairs, New
• Assessor/Member Coordinator NAAC,
• Research Experience: 43 Ph.D. awarded,
• Educational Films/EContent:200 films for
• Books/ Monograph:6/1
• Publications in Referred Journals:125+
• Patent (Published):1
• Awarded Massive Open Online Courses (MOOC) on Business
Commission (UGC), New Delhi.
• Expert/Resource Person: UPSC, NAAC, UGC, AICTE, Various School Boards, State and Central
Universities.
• Advisor/Consultant Commonwealth of Learning
Council, New Delhi
Area of Expertise:
• Quality Assurance (As Director IQAC, MLS University ranked among top 76 university & institutions in
India by QS World University
• Behavioral Sciences with special reference to Leadership, Emotional Conflict Management and Soft
• Production & Operation Management, Quantitative Techniques and Strategic Management.
RESUME
2018.
Udaipur during 2014
2015-17.
University, Udaipur during the
Delhi.
tal years
experience
Bangalore
8 are undergoing
CEC,UGC
Statistics by University
Learning- CEMCA, New Delhi, Consultant, National Producti
rankings)
intelligence, Team Building,
Skills.
Research Methodology.
2014.
2014-17.
2012-14.
sity, Delhi
Grants
Productivity
Corporate tie ups and Trainings:
• Life Member- Indian Society for Training and Development (ISTD),All India Commerce Association
and Indian Institute of Public Administration (IIPA).
• Trained more than 6000 executives of public and private sector. Delivering Customized Training
Programs for HZL, Udaipur, J.K.Cement, Nimbahera, Binani Cement, Pindwara, Parle-G, Nimrana, JK
Lakshmi Cement, Sirohi.
• Delivered more than 1000 lectures at renowned academic staff colleges
Visits Abroad:
• Designed & delivered training sessions to government officers on "How to improve Organizational and
Personal Effectiveness" at Kathmandu Nepal in October, 2018, organised by National Productivity
Council (NPC), Gandhinagar, Gujarat.
• Designed & delivered training sessions to faculty members of University of Peradeniya, Kandy,
Srilanka on "Delivery of On-line BBA Course" for a week in March 2018, organised by Commonwealth
of Learning, Center for Education Media in Asia (COL-CEMCA).
• Chair Professor of Business Studies by Indian Council for Cultural Relations (ICCR),Ministry of
External Affairs, Government of India, New Delhi. On deputation to University of Technology Papua
New Guinea during February 2017 to August 2017. During this tenure, delivered public Lectures,
conducted training workshops for faculty Members, non-teaching staff and students of the University.
Also designed complete curriculum for the new MBA program.
• Kazakhstan, (Erstwhile USSR) Visiting Professor: Summer School organized by Eurasian National
University, Kazakhstan, June, 2013.
• Bangkok, Thailand: Delivered keynote address in the International Conference Proceedings of PSRC,
March,2012
• Dubai, UAE: Delivered keynote address in the International Conference ECEBE, January, 2012
• Singapore: Presented paper in International Conference organized by International Economics
DevelopmentandResearchCentre,September,2010
• U.K.: Presented two papers and chaired a session in the “4th Global Conference on Business and
Economics” organized by Oxford University, June, 2005.
Educational Qualification
• Ph.D. from Vikram University ,Ujjain in Management:1995
• M.B.A. from Dr. Hari Singh Gour Vishwavidyalaya, Sagar, (M.P) :1984
• B.Sc. from Dr. Hari Singh Gour Vishwavidyalaya, Sagar, (M.P):1982


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