Statistical Methods – I

Paper Code: 
ECO 113
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 
  1. To introduce the basic concepts in statistics to the students and the way in which these concepts are applied in Economics; and
  2. To help solving problems in statistics and interpreting the results obtained.
12.00
Unit I: 
Introduction to Statistics
  • Basic concepts of Population and Sample, Census and Sample survey, Sampling – objectives, methods and bias, Primary and Secondary data
  • Frequency Distribution-Exclusive and Inclusive series
  • Diagrammatic representation of data-Bar Diagram and Pie Diagram
  • Graphic representation of data-Line Graph, Histogram, Frequency Polygon and Ogives.
12.00
Unit II: 
Central Tendency
  • Measures of Central Tendency-Arithmetic Mean, Geometric Mean, Harmonic Mean, Median and Mode; their relative merits and demerits.
12.00
Unit III: 
Dispersion
  • Absolute and Relative Measures of Dispersion-Range, Quartile Deviation, Mean Deviation and Standard Deviation;
  • Skewness-Definition and its measures (Karl Pearson’s and Bowley’s coefficient of skewness).
12.00
Unit IV: 
Correlation Analysis
  • Simple Correlation - Karl Pearson’s and Rank Correlation Coefficient.
12.00
Unit V: 
Regression Analysis
  • Linear Regression – Meaning, Regression Equations, 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.
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.
  4. Nagar, A.L. and R.K. Das, Basic Statistics, Oxford University Press, Bombay.
Academic Session: 
2017-18
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