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It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Statistical Methods | Economics

Statistical Methods

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Paper Code: 
ECO 402
Credits: 
3
Contact Hours: 
45.00
Objective: 

1.    To introduce basic concepts in statistics to the students; and
2.    To help solving problems in statistics and interpreting results obtained.

9.00
Unit I: 
Data Analysis

•    Basic concepts: Population and Sample, Census and Sample survey, Primary and Secondary data;
•    Diagrammatic representation of data-Bar Diagram and Pie Diagram;
•    Graphic representation of data-Line Graph, Histogram, Frequency Polygon, frequency curves and Ogives;

9.00
Unit II: 
Measures of Central Tendency

•    Mean, Median, Mode-Calculations, their relative merits and demerits.

9.00
Unit III: 
Dispersion & Skewness

•    Absolute and Relative Measures of Dispersion-Range, Quartile Deviation, Mean Deviation, Standard Deviation;
•    Skewness – concept and measures (Karl Pearson’s and Bowley’s measure).
 

9.00
Unit IV: 
Correlation Analysis

•    Simple Correlation - Karl Pearson’s coefficient of correlation;
•    Spearman’s Rank Correlation Coefficient.
 

9.00
Unit V: 
Regression Analysis
  • Concept of Simple Regression;
  • Regression lines and Regression Coefficients;
  •  Fitting of regression lines (method of least squares). 

 

 

Essential Readings: 

1.    Gupta, S.P., Statistical Methods (Recent Edition), S.Chand and Sons, New Delhi.
2.    Nagar, A.L. and R.K. Das, Basic Statistics, Oxford University Press, Bombay.

References: 

1.    Gupta, S.C. and V.K. Kapoor (1993), Fundamentals of Applied Statistics, S.Chand and Sons, New Delhi
2.    Croxton, F.E., D.J.Cowden and S. Klein (1973), Applied General Statistics, Prentice Hall, New Delhi.
3.    Speigel, M.R. (1992),Schaum’s Outline of  Theory and Problems of Statistics, McGraw Hill Book, London.

 

Academic Session: 
2018-19
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