QUANTITATIVE METHODS FOR BUSINESS - II

FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

2.4 QUANTITATIVE METHODS FOR BUSINESS - II 

OBJECTIVE
The objective is to provide basic knowledge of quantitative methods and their commercial application for
decision making in business.
Unit 1: INTRODUCTION TO STATISTICS 04 Hrs
Background and Basic concepts: Introduction – Definition of Statistics – Functions – Scope – Limitations,
Classification and Tabulation of Data.
Unit 2: MEASURES OF CENTRAL TENDENCY 14 Hrs
Introduction – Types of averages – Arithmetic Mean (Simple and Weighted) – Median – Mode – Graphic
location of Median and Mode through Ogive Curves and Histogram.
Unit 3: MEASURES OF DISPERSIONAND SKEWNESS 14 Hrs
Part – 1: Measures of Dispersion : Meaning– Calculation of Absolute and Relative measures of
dispersion - Range – Quartile Deviation – Mean Deviation – Standard Deviation and Coefficient of
Variation.
Part – 2: Measures of Skewness: Meaning of Skewness - Symmetrical &Skewed Distributions- Measures
of Skewness - Absolute and Relative Measures of Skewness – Karl Pearson‟s Coefficient of Skewness and
Bowley‟s Coefficient of Skewness
Unit 4: CORRELATION AND REGRESSION ANALYSIS 14Hrs
Correlation – Meaning & Definition - Uses – Types – Probable error – Karl Pearson‟s & Spearman‟s Rank
Correlation (Excluding Bi-variate and Multiple correlation).
Regression – Meaning and Definition, Regression Equations - Problems
Unit 5: INDEX NUMBERS 10 Hrs
Meaning & Definition – Uses – Classification – Construction of Index Numbers – Methods of constructing
Index Numbers – Simple Aggregate Method – Simple Average of Price Relative Method – Weighted Index
numbers – Fisher‟s Ideal Index (including Time and Factor Reversal tests) – Consumer Price Index –
Problems