Advanced Business Statistics

Paper Code: 
ABF 301
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To providing comprehensive presentation of the essential topics of statistical techniques likes probability, sampling, analysis of time series etc.

10.00
Unit I: 
Set Theory & Interpolation & Extrapolation

Set Theory: Definition of Set, Presentation of Sets, Different types of Set- Null Set, Finite and Infinite Sets, Universal Set, Sub Set, Power Set. Set Operations, Laws of Algebra of sets, Venn Diagram.
Interpolation & Extrapolation: Newton’s methods of advancing differences, Binominal Method & Lagrange’s Method.

14.00
Unit II: 
Time Series Analysis

Introduction, Utility of Time Series Analysis, Components of Time Series Analysis, Measurement of Trend:Freehand or Graphic Method, Method of Semi Averages, Methods of Moving Averages, Method of Least Square, Shifting the Trend Origin, Measurement of Seasonal Variations:Method of Simple Average, Ratio to Trend, Ratio to Moving Average Method, Link Relative Method

7.00
Unit III: 
Sampling Theory

Basis of Sampling, Sampling Methods, Importance, Objectives, Merits and demerits of Sampling, Parameter and Statistics, Standard Error.

6.00
Unit IV: 
Statistical Inference-Test of Hypothesis

Introduction, Procedure of Testing Hypothesis, Two types of Errors in Testing Hypothesis, Two Tailed and One Tailed Tests of Hypothesis, Test of Significance for Large Samples, Test of Significance for Attributes, Test of Significance for Small Samples (Student’s t Distribution)

8.00
Unit V: 
Chi Square Test , Goodness of Fit & Analysis of Variance

Chi Square Test and Goodness of Fit: Introduction, Degrees of Freedom, The Chi Square Test and Alternative Method of Obtaining of the value of Chi Square, Chi Square Test for Specified value of Population Variance
Analysis of Variance: Application of F Test, Assumption in Analysis of Variance, Analysis of Variance in One-Way and Two-Way Classification Model

Essential Readings: 

1. Statistics Theory and Practice-Sancheti and Kapoor( Sultan Chand and Sons New Delhi
2. Statistical Methods- S.P Gupta(Sultan Chand & Sons New Delhi)

References: 

1. Advanced Business Statistics- Prof N.P Agarwal( Ramesh Book Depot Jaipur)
2. Statistical Methods- N.G. Das(M Das & Co)
3. Business Statistics-Yadav, Jain, Mittal (Malik and Company Jaipur)
4. Statistics- R S N Pillai & V Bhagvathi(S Chand & Co Ltd)
5. Statistics- P.N Arora & S Arora, (S Chand& Co Ltd)

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